Lara Exploration (CVE:LRA) Trading 26% Higher - Time to Buy?

Lara Exploration Ltd. (CVE:LRA - Get Free Report) shares rose 26% during mid-day trading on Friday . The company traded as high as C$1.27 and last traded at C$1.26. Approximately 96,700 shares changed hands during mid-day trading, an increase of 140% from the average daily volume of 40,369 shares. The stock had previously closed at C$1.00.

Lara Exploration Trading Down 10.2 %

The company has a 50 day moving average of C$1.49 and a 200 day moving average of C$1.36. The firm has a market cap of C$56.85 million, a price-to-earnings ratio of -324.91 and a beta of 0.31.

Insider Activity

In other Lara Exploration news, Director Simon Henry Ingram purchased 33,700 shares of the company's stock in a transaction that occurred on Friday, March 7th. The stock was purchased at an average cost of C$1.10 per share, with a total value of C$37,070.00. In the last quarter, insiders have bought 58,900 shares of company stock worth $72,667. 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.