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

Shares of Lara Exploration Ltd. (CVE:LRAGet Free Report) hit a new 52-week high on Tuesday . The company traded as high as C$3.16 and last traded at C$3.09, with a volume of 9120 shares. The stock had previously closed at C$3.13.

Lara Exploration Stock Performance

The stock has a market capitalization of C$157.69 million, a P/E ratio of -52.00 and a beta of -0.48. The business has a fifty day simple moving average of C$2.74 and a 200-day simple moving average of C$2.53.

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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