Lara Exploration (CVE:LRA) Shares Up 28% - What's Next?

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

Lara Exploration Stock Up 1.7 %

The stock has a market capitalization of C$57.84 million, a price-to-earnings ratio of -330.56 and a beta of 0.31. The stock has a fifty day moving average of C$1.49 and a 200-day moving average of C$1.36.

Insider Transactions at Lara Exploration

In other news, Director Simon Henry Ingram bought 33,700 shares of the business's stock in a transaction dated Friday, March 7th. The shares were acquired at an average price of C$1.10 per share, for a total transaction of C$37,070.00. In the last quarter, insiders purchased 58,900 shares of company stock worth $72,667. 13.21% of the stock is currently owned by 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.