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

Shares of Lara Exploration Ltd. (CVE:LRA - Get Free Report) shot up 28% during mid-day trading on Saturday . The company traded as high as C$1.32 and last traded at C$1.28. 107,800 shares changed 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 Stock Down 10.2 %

The business has a fifty day moving average of C$1.49 and a 200 day moving average of C$1.36. The firm has a market cap of C$56.85 million, a P/E ratio of -324.91 and a beta of 0.31.

Insider Transactions at Lara Exploration

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