Lara Exploration (CVE:LRA) Stock Price Down 0.6% - Here's Why

Lara Exploration Ltd. (CVE:LRA - Get Free Report) shares traded down 0.6% during mid-day trading on Tuesday . The company traded as low as C$1.71 and last traded at C$1.77. 23,825 shares changed hands during mid-day trading, a decline of 30% from the average session volume of 34,114 shares. The stock had previously closed at C$1.78.

Lara Exploration Stock Performance

The stock has a market cap of C$87.01 million, a price-to-earnings ratio of -497.26 and a beta of 0.31. The company's 50 day simple moving average is C$1.84 and its 200 day simple moving average is C$1.57.

Insider Activity

In other news, Director Simon Henry Ingram bought 26,600 shares of the stock in a transaction that occurred on Friday, April 4th. The shares were purchased 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 purchased 120,000 shares of the company's stock in a transaction on Friday, April 11th. The stock was acquired at an average price of C$1.50 per share, for a total transaction of C$180,000.00. Insiders purchased 190,800 shares of company stock worth $270,823 over the last three months. Corporate insiders own 13.21% of the company's stock.

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.