Lara Exploration (CVE:LRA) Hits New 12-Month High - Here's Why

Key Points

• Lara Exploration Ltd. shares reached a new 52-week high of C$2.70, with the latest trading price at C$2.59, marking a significant 19.9% increase.
• The company has a market capitalization of C$130.76 million and trades with a P/E ratio of -51.80.
• Lara Exploration focuses on the acquisition, exploration, and development of various mineral properties across South America, including the Planalto copper project in Brazil.

Shares of Lara Exploration Ltd. (CVE:LRA - ) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$2.70 and last traded at C$2.59, with a volume of 41262 shares. The stock had previously closed at C$2.16.

Lara Exploration Stock Up 19.9%

The stock's 50-day moving average is C$2.25 and its 200-day moving average is C$2.02. The firm has a market cap of C$130.76 million, a P/E ratio of -51.80 and a beta of -0.07.

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.

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