Lara Exploration (CVE:LRA) Shares Up 28% – What’s Next?

Shares of Lara Exploration Ltd. (CVE:LRA) shot up 28% on Friday . The company traded as high as C$1.32 and last traded at C$1.28. 107,800 shares were traded during trading, an increase of 165% from the average session volume of 40,611 shares. The stock had previously closed at C$1.00.

Lara Exploration Stock Performance

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

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.