Lara Exploration (CVE:LRA) Trading 28% Higher – Here’s Why

Lara Exploration Ltd. (CVE:LRAGet Free Report) shares traded up 28% on Friday . The stock traded as high as C$1.32 and last traded at C$1.28. 107,800 shares traded hands during mid-day trading, an increase of 166% from the average session volume of 40,526 shares. The stock had previously closed at C$1.00.

Lara Exploration Stock Performance

The company’s fifty day moving average price is C$1.50 and its 200-day moving average price is C$1.35. The stock has a market cap of C$63.28 million, a P/E ratio of -361.64 and a beta of 0.31.

Lara Exploration Company Profile

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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.

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