Lara Exploration (CVE:LRA) Trading 28% Higher - Here's Why

Lara Exploration Ltd. (CVE:LRA - Get Free Report)'s share price rose 28% during trading on Saturday . The company traded as high as C$1.32 and last traded at C$1.28. Approximately 107,800 shares traded hands during mid-day 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 company has a market cap of C$57.84 million, a P/E ratio of -330.56 and a beta of 0.31. The firm has a fifty day moving average price of C$1.49 and a 200 day moving average price of C$1.36.

Insider Transactions at Lara Exploration

In other news, Director Simon Henry Ingram purchased 33,700 shares of the business's stock in a transaction that occurred on Friday, March 7th. The shares were acquired at an average cost of C$1.10 per share, for a total transaction of C$37,070.00. Insiders bought a total of 58,900 shares of company stock worth $72,667 over the last 90 days. 13.21% of the stock is owned by insiders.

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.