Lara Exploration (CVE:LRA) Sets New 12-Month High – Should You Buy?

Lara Exploration Ltd. (CVE:LRAGet Free Report)’s stock price hit a new 52-week high during trading on Wednesday . The company traded as high as C$4.69 and last traded at C$4.68, with a volume of 602 shares traded. The stock had previously closed at C$4.67.

Lara Exploration Stock Performance

The firm has a market capitalization of C$290.77 million, a P/E ratio of -78.17 and a beta of -0.67. The firm’s 50-day moving average is C$4.10 and its 200 day moving average is C$3.79.

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. The company also holds interest in the Tocantins gold project in Central Brazil; and the Celesta copper mine and the Fofoca South gold project in Brazil.

Further Reading

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