Lara Exploration Ltd. (CVE:LRA – Get Rating)’s stock price dropped 5.9% on Tuesday . The company traded as low as C$0.80 and last traded at C$0.80. Approximately 3,898 shares traded hands during mid-day trading, a decline of 81% from the average daily volume of 21,021 shares. The stock had previously closed at C$0.85.
Lara Exploration Stock Down 5.9 %
The firm has a market capitalization of C$36.64 million, a price-to-earnings ratio of -40.00 and a beta of 0.58. The business’s 50-day simple moving average is C$0.78 and its two-hundred day simple moving average is C$0.79.
About Lara Exploration
Lara Exploration Ltd. engages in the acquisition, exploration, and development of mineral properties in South America. The company explores for copper, gold, iron, phosphate, titanium, vanadium, and zinc deposits. Its flagship property is the Planalto copper project, in which the company has an option to acquire 100% interest located in the Carajás Mineral Province of northern Brazil.
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