Lara Exploration (CVE:LRA) Shares Up 28% - Here's What Happened

Lara Exploration Ltd. (CVE:LRA - Get Free Report)'s stock price traded up 28% on Saturday . The company traded as high as C$1.32 and last traded at C$1.28. 107,800 shares traded hands 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 Trading Down 10.2 %

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. The stock has a 50-day moving average of C$1.49 and a two-hundred day moving average of C$1.36.

Insider Buying and Selling

In other news, Director Simon Henry Ingram purchased 33,700 shares of the business's stock in a transaction dated Friday, March 7th. The stock was bought at an average cost of C$1.10 per share, with a total value of C$37,070.00. In the last ninety days, insiders acquired 58,900 shares of company stock valued at $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.