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

Shares of Lara Exploration Ltd. (CVE:LRAGet Free Report) hit a new 52-week high during trading on Thursday . The company traded as high as C$3.05 and last traded at C$3.05, with a volume of 13707 shares trading hands. The stock had previously closed at C$3.12.

Lara Exploration Price Performance

The stock has a 50-day moving average price of C$2.60 and a 200-day moving average price of C$2.45. The company has a market capitalization of C$154.15 million, a P/E ratio of -50.83 and a beta of -0.48.

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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