Lara Exploration (CVE:LRA) Shares Down 14.5% – Here’s What Happened

Lara Exploration Ltd. (CVE:LRAGet Free Report)’s stock price dropped 14.5% during mid-day trading on Thursday . The stock traded as low as C$0.95 and last traded at C$1.00. Approximately 135,883 shares were traded during mid-day 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 company has a market capitalization of C$63.28 million, a PE ratio of -361.64 and a beta of 0.31. The firm’s 50-day simple moving average is C$1.50 and its 200 day simple 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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