Lara Exploration (CVE:LRA) Reaches New 1-Year High – Time to Buy?

Lara Exploration Ltd. (CVE:LRA) shares reached a new 52-week high on Wednesday . The company traded as high as C$3.10 and last traded at C$3.10, with a volume of 28046 shares traded. The stock had previously closed at C$3.10.

Lara Exploration Price Performance

The firm has a 50-day moving average of C$2.69 and a 200-day moving average of C$2.50. The stock has a market cap of C$159.20 million, a PE ratio of -52.50 and a beta of -0.48.

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. The company also holds interest in the Tocantins gold project in Central Brazil; and the Celesta copper mine and the Fofoca South gold project in Brazil.