Lara Exploration (CVE:LRA) Stock Price Down 14.5% – Here’s What Happened

Lara Exploration Ltd. (CVE:LRA) shares fell 14.5% on Thursday . The company traded as low as C$0.95 and last traded at C$1.00. 135,883 shares changed hands during mid-day trading, an increase of 247% from the average session volume of 39,118 shares. The stock had previously closed at C$1.17.

Lara Exploration Trading Up 28.0 %

The company has a market capitalization of C$63.28 million, a price-to-earnings ratio of -361.64 and a beta of 0.31. The business’s 50 day moving average price is C$1.50 and its two-hundred day moving average price is C$1.35.

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.