Shares of Lara Exploration Ltd. (CVE:LRA - Get Free Report) shot up 28% on Friday . The stock traded as high as C$1.32 and last traded at C$1.28. 107,800 shares were traded during mid-day trading, an increase of 165% from the average session volume of 40,611 shares. The stock had previously closed at C$1.00.

The firm has a 50-day moving average of C$1.50 and a 200 day moving average of C$1.35. The company has a market cap of C$63.28 million, a P/E ratio of -361.64 and a beta of 0.31.

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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