Shares of Lara Exploration Ltd. (CVE:LRA – Get Free Report) dropped 14.5% during mid-day trading on Friday . The stock traded as low as C$0.95 and last traded at C$1.00. Approximately 135,883 shares changed hands during mid-day trading, an increase of 247% from the average daily volume of 39,118 shares. The stock had previously closed at C$1.17.
Lara Exploration Stock Performance
The stock has a market cap of C$49.43 million, a price-to-earnings ratio of -282.53 and a beta of 0.31. The company has a 50-day moving average of C$1.50 and a 200-day moving average of C$1.35.
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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