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

Lara Exploration Ltd. (CVE:LRA - Get Free Report) shares traded up 28% 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 Performance

The company has a market cap of C$57.84 million, a PE ratio of -330.56 and a beta of 0.31. The stock's 50 day moving average price is C$1.49 and its 200-day moving average price is C$1.36.

Insider Buying and Selling at Lara Exploration

In other news, Director Simon Henry Ingram purchased 33,700 shares of the business's stock in a transaction on Friday, March 7th. The shares were acquired at an average price of C$1.10 per share, with a total value of C$37,070.00. Over the last 90 days, insiders purchased 58,900 shares of company stock worth $72,667. 13.21% of the stock is currently 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.