Lara Exploration (CVE:LRA) Trading Up 26% – Still a Buy?

Lara Exploration Ltd. (CVE:LRAGet Free Report) was up 26% during trading on Friday . The stock traded as high as C$1.27 and last traded at C$1.26. Approximately 96,700 shares were traded during trading, an increase of 140% from the average daily volume of 40,369 shares. The stock had previously closed at C$1.00.

Lara Exploration Stock Performance

The stock has a market cap of C$63.28 million, a P/E ratio of -361.64 and a beta of 0.31. The firm’s 50 day moving average is C$1.49 and its 200 day moving average is C$1.36.

About Lara Exploration

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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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