Lara Exploration (CVE:LRA) Trading Up 28% – Should You Buy?

Lara Exploration Ltd. (CVE:LRAGet Free Report) rose 28% on Saturday . The company traded as high as C$1.32 and last traded at C$1.28. Approximately 107,800 shares traded hands during trading, an increase of 165% from the average daily volume of 40,611 shares. The stock had previously closed at C$1.00.

Lara Exploration Stock Performance

The company has a market cap of C$63.28 million, a P/E ratio of -361.64 and a beta of 0.31. The stock has a 50-day moving average of C$1.49 and a two-hundred day moving average of C$1.36.

About Lara Exploration

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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.

Further Reading

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