Lara Exploration (CVE:LRA) Shares Down 14.5% – Time to Sell?

Lara Exploration Ltd. (CVE:LRAGet Free Report)’s stock price was down 14.5% during mid-day trading on Thursday . The company traded as low as C$0.95 and last traded at C$1.00. Approximately 135,883 shares were traded during trading, an increase of 247% from the average daily volume of 39,118 shares. The stock had previously closed at C$1.17.

Lara Exploration Stock Performance

The stock has a market cap of C$63.28 million, a price-to-earnings ratio of -361.64 and a beta of 0.31. The business’s 50 day moving average is C$1.50 and its 200-day moving average is C$1.35.

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.

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