Lara Exploration Ltd. (CVE:LRA - Get Free Report) rose 28% during mid-day trading on Saturday . The stock 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 Price Performance
The firm's 50-day moving average price is C$1.49 and its 200 day moving average price is C$1.36. The firm has a market capitalization of C$57.84 million, a price-to-earnings ratio of -330.56 and a beta of 0.31.
Insider Buying and Selling at Lara Exploration
In other news, Director Simon Henry Ingram bought 33,700 shares of Lara Exploration stock in a transaction 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. In the last 90 days, insiders have purchased 58,900 shares of company stock worth $72,667. 13.21% of the stock is owned by insiders.
About Lara Exploration
(
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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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