Lara Exploration Ltd. (LRA) Declines -3.33% on Jan 5
Date: Jan 7, 2019
Shares of Lara Exploration Ltd. (CVE:LRA) last traded at 0.435, representing a move of -3.33%, or -0.015 per share, on volume of 3,300 shares. After opening the trading day at 0.44, shares of Lara Exploration Ltd. traded in a close range. Lara Exploration Ltd. currently has a total float of 34.45 million shares and on average sees 23,096 shares exchange hands each day. The stock now has a 52-week low of 0.41 and high of 0.84.
S&P/TSX Composite Index: Making Canadian Economy Grow Bigger
The Canadian economy is growing as fast as any global economy giant today. It may not yet be as big as that of the US or Japan but it surely boasts with a promising trade and commerce environment.
The main stock exchange in Canada is the Toronto Stock Exchange (TSX) with the benchmark index being the S&P/TSX Composite Index. The TSX perfectly represents how much the Canadian economy has grown and evolved through the years and how it still continues to transform for the better.
Getting to Know the TSX
The TSX is made up of over 1,500 companies as of October 31, 2014. It has nearly touched the $3 trillion total market capitalization mark in May. Lara Exploration Ltd. trades on the exchange. The S&P/TSX Composite Index is the benchmark Canadian index, representing roughly 70% of the total market capitalization on the TSX with about 250 companies included in it. More than half of it is composed of the its biggest sectors only’ the Financials sector and the Energy sector. Included in the list of top five biggest sectors in the S&P/TSX Composite Index are the Materials, Industrials, and Consumer Discretionary sectors.
In February 1950, the S&P/TSX Composite Index had posted its all-time low, 217.50. In September 2014, it had posted its all-time high, 15,657.63. The surge in oil prices in 2014 had led the S&P/TSX Composite Index to attain this peak level as both the Energy and Financial sectors primarily got a boost.
