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

Lara Exploration Ltd. (CVE:LRA - Get Free Report)'s share price shot up 28% during 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 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 Up 1.7 %

The business's 50-day simple moving average is C$1.49 and its 200 day simple moving average is C$1.36. The company has a market capitalization of C$57.84 million, a P/E ratio of -330.56 and a beta of 0.31.

Insider Buying and Selling

In other news, Director Simon Henry Ingram purchased 33,700 shares of the firm's stock in a transaction on Friday, March 7th. The stock was purchased at an average cost of C$1.10 per share, with a total value of C$37,070.00. Insiders have bought a total of 58,900 shares of company stock valued at $72,667 over the last quarter. 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.