Lara Exploration Ltd. (CVE:LRA – Get Free Report) shares dropped 14.5% on Friday . The stock traded as low as C$0.95 and last traded at C$1.00. Approximately 135,883 shares changed hands during mid-day trading, an increase of 247% from the average daily volume of 39,118 shares. The stock had previously closed at C$1.17.
Lara Exploration Trading Up 28.0 %
The firm’s 50-day moving average price is C$1.49 and its two-hundred day moving average price is C$1.36. The stock has a market cap of C$63.28 million, a PE ratio of -361.64 and a beta of 0.31.
About Lara Exploration
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.
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