Lara Exploration (CVE:LRA) Trading Down 14.5% – Should You Sell?

Shares of Lara Exploration Ltd. (CVE:LRA) traded down 14.5% on Thursday . The stock traded as low as C$0.95 and last traded at C$1.00. 135,883 shares traded hands during mid-day trading, an increase of 247% from the average session volume of 39,118 shares. The stock had previously closed at C$1.17.

Lara Exploration Trading Up 28.0 %

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

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.