Lara Exploration Ltd

Multi-commodity exploration portfolio in Brazil, Colombia and Peru.

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Message: Out of the blue

This morning, with no reported news, about 50M shares were purchased on the opening for $1.25, up 23 cents. The stock then trades a little higher and following, sellers drive it back down to $1.14, the low and last. Was an order entered with the wrong ticker symbol, does someone not know how to handle a buy order or did someone want LRA right away because of a pending news? Take your pick.

Aside from the questions, LRA made a positive chart move this morning, passing the general area of one year resistance at $1.10. We'll see if that general area now holds for support.


Feb 08, 2011 11:45AM
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