Lara Exploration (CVE:LRA) Stock Price Down 0.6% - Time to Sell?

Shares of Lara Exploration Ltd. (CVE:LRA - Get Free Report) fell 0.6% on Tuesday . The stock 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 Trading Down 0.6%

The company has a market capitalization of C$87.50 million, a price-to-earnings ratio of -500.08 and a beta of 0.31. The firm has a 50-day simple moving average of C$1.84 and a two-hundred day simple moving average of C$1.56.

Insider Activity

In other Lara Exploration news, Director Simon Henry Ingram bought 26,600 shares of the stock in a transaction dated Friday, April 4th. The stock was bought at an average cost of C$1.16 per share, for a total transaction of C$30,856.00. Also, Senior Officer Christopher Randall Macintyre acquired 120,000 shares of the stock in a transaction that occurred on Friday, April 11th. The stock was purchased at an average price of C$1.50 per share, with a total value of C$180,000.00. In the last quarter, insiders have purchased 187,700 shares of company stock valued at $265,553. Insiders own 13.21% of the company's stock.

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.

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