Lara Exploration (CVE:LRA) Reaches New 52-Week High - Here's Why

Key Points

• Share price milestone: Lara Exploration hit a new 52-week high, trading intraday as high as C$3.52 and last at C$3.22 on a volume of 20,280 shares.
• Valuation and technicals: The company has a market cap of C$163.75 million, a negative P/E of -54.00 and beta -0.46, with the 50-day and 200-day moving averages at C$2.89 and C$2.59 respectively.
• Business focus: Lara explores and develops mineral properties in South America, targeting copper, gold, silver and other metals with key projects including Planalto, Tocantins, Celesta and Fofoca South in Brazil.

Lara Exploration Ltd. (CVE:LRA - ) shares reached a new 52-week high during mid-day trading on Monday . The company traded as high as C$3.52 and last traded at C$3.22, with a volume of 20280 shares. The stock had previously closed at C$3.22.

Lara Exploration Trading Up 0.6%

The stock has a market cap of C$163.75 million, a P/E ratio of -54.00 and a beta of -0.46. The stock's fifty day moving average price is C$2.89 and its 200 day moving average price is C$2.59.

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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