Lara Exploration (CVE:LRA) Shares Up 28% – Still a Buy?

Lara Exploration Ltd. (CVE:LRA)’s stock price was up 28% during mid-day trading on Saturday . The stock traded as high as C$1.32 and last traded at C$1.28. Approximately 107,800 shares were traded during trading, an increase of 165% from the average daily volume of 40,611 shares. The stock had previously closed at C$1.00.

Lara Exploration Stock Performance

The stock has a 50-day simple moving average of C$1.50 and a 200 day simple moving average of C$1.35. The stock has a market capitalization of C$63.28 million, a P/E ratio of -361.64 and a beta of 0.31.

About Lara Exploration

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.