Lara Exploration (CVE:LRA) Trading 28% Higher - Still a Buy?

Lara Exploration Ltd. (CVE:LRA - Get Free Report) was up 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 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 Stock Up 1.7 %

The stock has a market capitalization of C$57.84 million, a PE ratio of -330.56 and a beta of 0.31. The stock has a fifty day moving average of C$1.49 and a 200-day moving average of C$1.36.

Insider Activity

In other news, Director Simon Henry Ingram bought 33,700 shares of the business's stock in a transaction that occurred on Friday, March 7th. The shares were purchased at an average cost of C$1.10 per share, for a total transaction of C$37,070.00. In the last quarter, insiders purchased 58,900 shares of company stock worth $72,667. 13.21% of the stock is currently owned by company insiders.

Lara Exploration Company Profile

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.