Lara Exploration (CVE:LRA) Sets New 1-Year High – Still a Buy?

Lara Exploration Ltd. (CVE:LRAGet Free Report)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as C$4.29 and last traded at C$4.31, with a volume of 17200 shares. The stock had previously closed at C$4.38.

Lara Exploration Trading Down 2.5%

The firm has a market cap of C$264.73 million, a P/E ratio of -53.37 and a beta of -0.67. The firm has a 50-day simple moving average of C$4.12 and a 200-day simple moving average of C$3.81.

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. 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.

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