Lara Exploration (CVE:LRA) Hits New 52-Week High - Here's What Happened

Key Points

• Lara Exploration Ltd. has reached a new 52-week high, with its stock trading at C$2.70, reflecting an 8.7% increase from its previous close of C$2.31.
• The company has a market capitalization of C$124.33 million and is engaged in the exploration of various mineral properties in South America, including copper and gold.
• Lara Exploration's price-to-earnings ratio is currently -251.00, indicating negative earnings, while its beta is 0.48, suggesting lower volatility compared to the market.

Shares of Lara Exploration Ltd. (CVE:LRA - Get Free Report) hit a new 52-week high on Tuesday . The company traded as high as C$2.70 and last traded at C$2.68, with a volume of 19454 shares. The stock had previously closed at C$2.31.

Lara Exploration Stock Down 1.2%

The company has a market cap of C$121.86 million, a price-to-earnings ratio of -49.20 and a beta of 0.26. The company has a fifty day simple moving average of C$2.17 and a two-hundred day simple moving average of C$1.80.

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.