Lara Exploration (CVE:LRA) Trading 28% Higher - Here's Why

Lara Exploration Ltd. (CVE:LRA - Get Free Report)'s share price shot up 28% on Saturday . The company traded as high as C$1.32 and last traded at C$1.28. 107,800 shares traded 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 Price Performance

The company's 50 day simple moving average is C$1.49 and its 200 day simple moving average is C$1.36. The company has a market capitalization of C$57.84 million, a PE 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 firm's stock in a transaction that occurred on Friday, March 7th. The stock was purchased at an average price of C$1.10 per share, for a total transaction of C$37,070.00. Insiders bought a total of 58,900 shares of company stock valued at $72,667 in the last three months. 13.21% of the stock is currently owned by company 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.