Lara Exploration (CVE:LRA) Reaches New 12-Month High – Here’s What Happened

Shares of Lara Exploration Ltd. (CVE:LRA) hit a new 52-week high during trading on Thursday . The company traded as high as C$1.96 and last traded at C$1.82, with a volume of 13039 shares trading hands. The stock had previously closed at C$1.87.

Lara Exploration Price Performance

The company has a fifty day moving average price of C$1.36 and a two-hundred day moving average price of C$1.40. The company has a market capitalization of C$90.47 million, a P/E ratio of -517.04 and a beta of 0.31.

Insider Activity

In related news, Director Simon Henry Ingram acquired 26,600 shares of the company’s stock in a transaction dated Friday, April 4th. The shares were purchased at an average price of C$1.16 per share, for a total transaction of C$30,856.00. Also, Senior Officer Christopher Randall Macintyre acquired 120,000 shares of the company’s stock in a transaction on Friday, April 11th. The stock was acquired at an average cost of C$1.50 per share, for a total transaction of C$180,000.00. Over the last 90 days, insiders acquired 261,100 shares of company stock valued at $347,201. Insiders own 13.21% of the company’s stock.

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.