Lara Exploration (CVE:LRA) Hits New 12-Month High – What’s Next?

Shares of Lara Exploration Ltd. (CVE:LRAGet Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$1.62 and last traded at C$1.60, with a volume of 3032 shares trading hands. The stock had previously closed at C$1.56.

Lara Exploration Stock Performance

The business’s 50-day moving average price is C$1.13 and its 200-day moving average price is C$1.01. The stock has a market cap of C$68.75 million, a P/E ratio of -80.00 and a beta of 0.31.

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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