Lara Exploration (CVE:LRA) Shares Down 14.5% – Time to Sell?

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

Lara Exploration Price Performance

The company has a market cap of C$49.43 million, a PE ratio of -282.53 and a beta of 0.31. The company’s fifty day moving average price is C$1.50 and its 200 day moving average price is C$1.35.

About Lara Exploration

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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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