Lara Exploration Ltd. (CVE:LRA - Get Free Report) shares fell 2.1% during mid-day trading on Thursday . The stock traded as low as C$1.85 and last traded at C$1.90. 3,370 shares were traded during trading, a decline of 91% from the average session volume of 39,632 shares. The stock had previously closed at C$1.94.
Lara Exploration Stock Performance
The company has a market capitalization of C$95.90 million, a price-to-earnings ratio of -548.12 and a beta of 0.31. The firm has a 50-day simple moving average of C$1.49 and a two-hundred day simple moving average of C$1.48.
Insiders Place Their Bets
In other news, Director Simon Henry Ingram acquired 26,600 shares of the firm's stock in a transaction dated Friday, April 4th. The stock was acquired at an average cost of C$1.16 per share, with a total value of C$30,856.00. Also, Senior Officer Christopher Randall Macintyre bought 120,000 shares of the stock in a transaction that occurred on Friday, April 11th. The shares were purchased at an average price of C$1.50 per share, with a total value of C$180,000.00. Insiders have acquired a total of 261,100 shares of company stock worth $347,201 in the last ninety days. 13.21% of the stock is owned by corporate insiders.
About Lara Exploration
(
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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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