Lara Exploration (CVE:LRA) Shares Down 14.5% – What’s Next?

Lara Exploration Ltd. (CVE:LRAGet Free Report) fell 14.5% during mid-day trading on Thursday . The stock traded as low as C$0.95 and last traded at C$1.00. 135,883 shares were traded during mid-day trading, an increase of 247% from the average session volume of 39,118 shares. The stock had previously closed at C$1.17.

Lara Exploration Trading Up 28.0 %

The company’s 50-day simple moving average is C$1.50 and its 200-day simple moving average is C$1.35. The stock has a market capitalization of C$63.28 million, a price-to-earnings ratio of -361.64 and a beta of 0.31.

Lara Exploration Company Profile

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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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