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

Lara Exploration Ltd. (CVE:LRA) shot up 28% during trading on Saturday . The stock traded as high as C$1.32 and last traded at C$1.28. 107,800 shares changed hands 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 Trading Up 28.0 %

The firm has a fifty day simple moving average of C$1.50 and a two-hundred day simple moving average of C$1.35. The stock has a market cap 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.