Lara Exploration (CVE:LRA) Trading Down 3.1% - Should You Sell?

Key Points

• Lara Exploration Ltd. shares experienced a 3.1% decline, dropping to C$2.20, with trade volume decreasing by 90% compared to its average.
• The company has a market capitalization of C$111.07 million and a price-to-earnings ratio of -44.00.
• Lara Exploration focuses on the acquisition and exploration of mineral properties in South America, specifically interested in copper, gold, silver, and several other metals.

Shares of Lara Exploration Ltd. (CVE:LRA - Get Free Report) dropped 3.1% during mid-day trading on Friday . The stock traded as low as C$2.20 and last traded at C$2.20. Approximately 3,000 shares changed hands during mid-day trading, a decline of 90% from the average daily volume of 29,613 shares. The stock had previously closed at C$2.27.

Lara Exploration Stock Performance

The firm's 50 day moving average is C$2.27 and its 200-day moving average is C$1.88. The firm has a market cap of C$111.07 million, a price-to-earnings ratio of -44.00 and a beta of 0.26.

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.