Lara Exploration (CVE:LRA) Reaches New 12-Month High – Still a Buy?
by Tristan Rich · The Markets DailyLara Exploration Ltd. (CVE:LRA – Get Free Report) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as C$3.54 and last traded at C$3.53, with a volume of 24548 shares trading hands. The stock had previously closed at C$3.39.
Lara Exploration Stock Up 4.1%
The firm has a fifty day simple moving average of C$3.09 and a 200-day simple moving average of C$2.67. The company has a market cap of C$178.41 million, a PE ratio of -58.83 and a beta of -0.46.
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.