Lara Exploration (CVE:LRA) Reaches New 12-Month High - Here's What Happened

Key Points

• 52-week high: Lara Exploration's shares reached a new 52-week high intraday at C$3.40 and last traded at C$3.33 (previous close C$3.07) on volume of 46,242, with the 50-day (C$2.82) and 200-day (C$2.56) moving averages below the current price, signaling recent upward momentum.
• Business and valuation: Lara is a South America-focused mineral explorer active in copper, gold, silver and other metals with key Brazilian assets (Planalto, Tocantins, Celesta, Fofoca South); it has a market cap of ~C$168.3M and a negative P/E (-55.50), indicating it is currently unprofitable.

Lara Exploration Ltd. (CVE:LRA - )'s share price hit a new 52-week high on Tuesday . The company traded as high as C$3.40 and last traded at C$3.33, with a volume of 46242 shares. The stock had previously closed at C$3.07.

Lara Exploration Stock Performance

The firm has a market capitalization of C$168.30 million, a price-to-earnings ratio of -55.50 and a beta of -0.46. The business's 50 day moving average is C$2.82 and its 200-day moving average is C$2.56.

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. 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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