Lara Exploration (CVE:LRA) Sets New 52-Week High – Here’s Why

Lara Exploration Ltd. (CVE:LRAGet Free Report)’s share price hit a new 52-week high during trading on Tuesday . The company traded as high as C$4.29 and last traded at C$4.31, with a volume of 17200 shares. The stock had previously closed at C$4.38.

Lara Exploration Stock Down 2.5%

The firm has a market capitalization of C$264.73 million, a PE ratio of -53.37 and a beta of -0.67. The company’s 50-day simple moving average is C$4.12 and its 200 day simple moving average is C$3.81.

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.

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