Lara Exploration (CVE:LRA) Stock Price Up 28% - Time to Buy?

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

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 capitalization of C$57.84 million, a P/E ratio of -330.56 and a beta of 0.31.

Insider Transactions at Lara Exploration

In related news, Director Simon Henry Ingram acquired 33,700 shares of the firm's stock in a transaction dated Friday, March 7th. The stock was acquired at an average cost of C$1.10 per share, for a total transaction of C$37,070.00. Over the last quarter, insiders acquired 58,900 shares of company stock valued at $72,667. 13.21% of the stock is currently owned by corporate 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.