Lara Exploration (CVE:LRA) Stock Price Up 28% - Still a Buy?

Shares of Lara Exploration Ltd. (CVE:LRA - Get Free Report) rose 28% during trading on Saturday . The stock traded as high as C$1.32 and last traded at C$1.28. Approximately 107,800 shares changed hands during 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 Up 1.7 %

The stock's 50-day moving average price is C$1.49 and its 200 day moving average price is C$1.36. The company has a market cap 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 acquired 33,700 shares of Lara Exploration stock in a transaction dated Friday, March 7th. The stock was bought at an average cost of C$1.10 per share, with a total value of C$37,070.00. In the last three months, insiders have bought 58,900 shares of company stock worth $72,667. 13.21% of the stock is owned by 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.