Lara Exploration (CVE:LRA) Trading Up 0.5% - Here's What Happened

Key Points

• Lara Exploration Ltd. shares experienced a modest increase of 0.5% on Thursday, trading at C$2.21.
• The company's market capitalization stands at C$109.25 million with a P/E ratio of -624.40, indicating a negative earnings performance.
• Lara Exploration focuses on the acquisition and exploration of various mineral properties in South America, particularly its Planalto copper project in Brazil.

Lara Exploration Ltd. (CVE:LRA - Get Free Report)'s stock price rose 0.5% on Thursday . The company traded as high as C$2.21 and last traded at C$2.21. Approximately 2,941 shares traded hands during mid-day trading, a decline of 91% from the average daily volume of 31,312 shares. The stock had previously closed at C$2.20.

Lara Exploration Stock Performance

The firm's 50 day simple moving average is C$2.10 and its 200 day simple moving average is C$1.77. The firm has a market capitalization of C$114.43 million, a price-to-earnings ratio of -231.00 and a beta of 0.48.

About Lara Exploration

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.