Lara Exploration (CVE:LRA) Hits New 12-Month High – Still a Buy?

Shares of Lara Exploration Ltd. (CVE:LRA) 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’s 50-day simple moving average is C$2.60 and its 200 day simple moving average is C$2.45. The stock has a market capitalization of C$154.15 million, a P/E ratio of -50.83 and a beta of -0.48.

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.