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

Lara Exploration Ltd. (CVE:LRA - Get Free Report) shares traded up 28% during mid-day 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 firm has a market cap of C$57.84 million, a P/E ratio of -330.56 and a beta of 0.31. The company's fifty day moving average price is C$1.49 and its two-hundred day moving average price is C$1.36.

Insider Activity

In other news, Director Simon Henry Ingram bought 33,700 shares of the stock in a transaction on Friday, March 7th. The stock was purchased at an average price of C$1.10 per share, for a total transaction of C$37,070.00. Insiders have purchased a total of 58,900 shares of company stock valued at $72,667 in the last 90 days. 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.