Lara Exploration (CVE:LRA) Trading Down 3.5% – What’s Next?

Lara Exploration Ltd. (CVE:LRA) shares fell 3.5% during mid-day trading on Tuesday . The company traded as low as C$3.83 and last traded at C$3.88. 32,370 shares changed hands during mid-day trading, an increase of 72% from the average session volume of 18,835 shares. The stock had previously closed at C$4.02.

Lara Exploration Price Performance

The stock has a market capitalization of C$240.55 million, a P/E ratio of -64.67 and a beta of -0.68. The firm has a 50-day simple moving average of C$3.98 and a 200 day simple moving average of C$3.28.

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.