Shares of Lara Exploration Ltd. (CVE:LRA – Get Free Report) were down 14.5% during mid-day trading on Thursday . The company traded as low as C$0.95 and last traded at C$1.00. Approximately 135,883 shares traded hands during 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 stock’s 50-day moving average is C$1.50 and its 200-day moving average is C$1.35. The firm has a market capitalization of C$63.28 million, a price-to-earnings 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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