Lara Exploration Ltd. (CVE:LRA – Get Free Report) shares rose 28% on Friday . The company traded as high as C$1.32 and last traded at C$1.28. Approximately 107,800 shares were traded during mid-day trading, an increase of 165% from the average daily volume of 40,611 shares. The stock had previously closed at C$1.00.
Lara Exploration Trading Up 28.0 %
The firm’s 50-day moving average is C$1.49 and its 200 day moving average is C$1.36. 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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