Lara Exploration (CVE:LRA) Sets New 52-Week High – Time to Buy?

Lara Exploration Ltd. (CVE:LRA) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as C$3.74 and last traded at C$3.69, with a volume of 3987 shares trading hands. The stock had previously closed at C$3.65.

Lara Exploration Price Performance

The company has a market cap of C$186.50 million, a price-to-earnings ratio of -61.50 and a beta of -0.41. The firm’s 50 day simple moving average is C$3.17 and its 200-day simple moving average is C$2.71.

About Lara Exploration

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.