Lara Exploration (CVE:LRA) Stock Price Up 13.5%

Lara Exploration Ltd. (CVE:LRA – Get Rating)’s share price rose 13.5% during mid-day trading on Monday . The stock traded as high as C$0.84 and last traded at C$0.84. Approximately 38,295 shares traded hands during trading, an increase of 144% from the average daily volume of 15,671 shares. The stock had previously closed at C$0.74.
The firm has a market capitalization of C$33.29 million and a price-to-earnings ratio of 13.77. The company has a fifty day moving average price of C$0.72 and a 200-day moving average price of C$0.61.
Lara Exploration Company Profile
Lara Exploration Ltd. engages in the acquisition, exploration, and development of mineral properties in South America. The company explores for copper, gold, iron, phosphate, titanium, vanadium, and zinc deposits. Its flagship property is the Planalto copper project, in which the company has an option to acquire 100% interest located in the Carajás Mineral Province of northern Brazil.