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

Lara Exploration Ltd. (CVE:LRA) hit a new 52-week high during mid-day trading on Friday . The company traded as high as C$3.00 and last traded at C$3.01, with a volume of 27026 shares traded. The stock had previously closed at C$3.03.

Lara Exploration Price Performance

The company has a fifty day moving average price of C$2.57 and a 200 day moving average price of C$2.43. The company has a market capitalization of C$152.63 million, a P/E ratio of -50.33 and a beta of -0.48.

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. 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.