Lara Exploration (CVE:LRA) Trading Down 14.5% – Here’s Why

Lara Exploration Ltd. (CVE:LRA)’s share price traded down 14.5% during mid-day trading on Thursday . The stock traded as low as C$0.95 and last traded at C$1.00. 135,883 shares changed hands during trading, an increase of 247% from the average session volume of 39,118 shares. The stock had previously closed at C$1.17.

Lara Exploration Stock Performance

The firm has a market capitalization of C$63.28 million, a PE ratio of -361.64 and a beta of 0.31. The company’s 50-day moving average price is C$1.50 and its 200-day moving average price is C$1.35.

Lara Exploration Company Profile

Lara Exploration Ltd., through its subsidiaries, engages in the acquisition, exploration, and development of mineral properties in South America. The company explores for copper, gold, silver, iron, phosphate, titanium, vanadium, tin, lead, and zinc deposits. It holds interest in the Planalto copper project located in the Carajás Mineral Province of northern Brazil.