Lara Exploration (CVE:LRA) Reaches New 12-Month High – Still a Buy?

Lara Exploration Ltd. (CVE:LRAGet Free Report) reached a new 52-week high during trading on Friday . The company traded as high as C$1.65 and last traded at C$1.77, with a volume of 419225 shares trading hands. The stock had previously closed at C$1.47.

Lara Exploration Price Performance

The business’s 50 day simple moving average is C$1.34 and its 200 day simple moving average is C$1.39. The company has a market capitalization of C$88.98 million, a price-to-earnings ratio of -508.56 and a beta of 0.31.

Insider Buying and Selling

In related news, Director Simon Henry Ingram purchased 26,600 shares of the firm’s stock in a transaction that occurred on Friday, April 4th. The stock was purchased at an average cost of C$1.16 per share, with a total value of C$30,856.00. Insiders have purchased a total of 141,100 shares of company stock valued at $167,201 over the last quarter. 13.21% of the stock is currently owned by insiders.

Lara Exploration Company Profile

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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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