Lara Exploration (CVE:LRA) Stock Price Up 28% – Here’s Why

Lara Exploration Ltd. (CVE:LRA) shares traded up 28% during trading on Saturday . The company traded as high as C$1.32 and last traded at C$1.28. 107,800 shares were traded during mid-day 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 stock has a 50-day simple moving average of C$1.50 and a 200 day simple moving average of C$1.35. The stock has a market capitalization of C$63.28 million, a P/E 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.