Lara Exploration Ltd. (CVE:LRA - Get Free Report) shares rose 28% on Saturday . The company traded as high as C$1.32 and last traded at C$1.28. Approximately 107,800 shares changed 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 Trading Up 1.7 %
The stock's 50-day moving average price is C$1.49 and its two-hundred day moving average price is C$1.36. The stock has a market capitalization of C$57.84 million, a P/E ratio of -330.56 and a beta of 0.31.
Insider Activity at Lara Exploration
In other Lara Exploration news, Director Simon Henry Ingram purchased 33,700 shares of the company's stock in a transaction that occurred on Friday, March 7th. The shares were bought at an average cost of C$1.10 per share, for a total transaction of C$37,070.00. Over the last quarter, insiders have bought 58,900 shares of company stock worth $72,667. Insiders own 13.21% of the company's stock.
About Lara Exploration
(
Get Free Report)
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.
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