Lara Exploration (CVE:LRA) Sets New 52-Week High – Still a Buy?

Lara Exploration Ltd. (CVE:LRA)’s share price hit a new 52-week high during trading on Wednesday . The stock traded as high as C$3.10 and last traded at C$3.10, with a volume of 28046 shares trading hands. The stock had previously closed at C$3.10.

Lara Exploration Trading Up 1.6%

The business’s 50-day simple moving average is C$2.69 and its 200 day simple moving average is C$2.50. The firm has a market cap of C$159.20 million, a PE ratio of -52.50 and a beta of -0.48.

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. 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.