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Lara Exploration (CVE:LRA) Sets New 1-Year High - Still a Buy?

Lara Exploration logo with Basic Materials background

Key Points

  • Lara Exploration Ltd. (CVE:LRA) shares reached a new 52-week high of C$2.55, indicating strong market performance.
  • The company has a market capitalization of C$111.72 million and a P/E ratio of -638.53, reflecting significant volatility in earnings.
  • Lara Exploration is focused on the acquisition and development of mineral properties in South America, with interests in various metals including copper and gold.
  • Want stock alerts on Lara Exploration? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Lara Exploration Ltd. (CVE:LRA - Get Free Report) reached a new 52-week high on Friday . The stock traded as high as C$2.55 and last traded at C$2.26, with a volume of 22106 shares trading hands. The stock had previously closed at C$2.55.

Lara Exploration Price Performance

The stock has a market cap of C$113.70 million, a PE ratio of -649.83 and a beta of 0.31. The company has a 50 day moving average price of C$1.96 and a two-hundred day moving average price of C$1.69.

Lara Exploration Company Profile

(Get Free Report)

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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