Lara Exploration (CVE:LRA) Trading Up 28% - Still a Buy?

Lara Exploration Ltd. (CVE:LRA - Get Free Report)'s stock price shot up 28% during mid-day trading on Saturday . The stock traded as high as C$1.32 and last traded at C$1.28. 107,800 shares were traded during mid-day trading, an increase of 165% from the average session volume of 40,611 shares. The stock had previously closed at C$1.00.

Lara Exploration Stock Up 1.7 %

The business has a 50-day moving average price of C$1.49 and a two-hundred day moving average price of C$1.36. The company has a market capitalization of C$57.84 million, a price-to-earnings ratio of -330.56 and a beta of 0.31.

Insider Buying and Selling at Lara Exploration

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 shares were acquired at an average price of C$1.10 per share, with a total value of C$37,070.00. In the last 90 days, insiders acquired 58,900 shares of company stock worth $72,667. 13.21% of the stock is owned by corporate insiders.

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.