Lara Exploration (CVE:LRA) Shares Up 28% - Should You Buy?

Lara Exploration Ltd. (CVE:LRA - Get Free Report) shares 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 Trading Up 1.7 %

The company has a market capitalization of C$57.84 million, a PE ratio of -330.56 and a beta of 0.31. The business's fifty day moving average is C$1.49 and its two-hundred day moving average is C$1.36.

Insider Transactions at Lara Exploration

In other news, Director Simon Henry Ingram purchased 33,700 shares of the company's stock in a transaction dated Friday, March 7th. The shares were purchased at an average cost of C$1.10 per share, for a total transaction of C$37,070.00. Insiders acquired 58,900 shares of company stock worth $72,667 over the last quarter. 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.