Lavras Gold (CVE:LGC) Stock Passes Above 200-Day Moving Average – Here’s What Happened

Lavras Gold Corp. (CVE:LGC) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$2.25 and traded as high as C$2.34. Lavras Gold shares last traded at C$2.32, with a volume of 48,728 shares traded.

Lavras Gold Price Performance

The company has a market capitalization of C$119.17 million, a PE ratio of -36.33 and a beta of -0.26. The company has a quick ratio of 11.12, a current ratio of 4.11 and a debt-to-equity ratio of 0.60. The firm’s 50-day moving average is C$2.06 and its 200-day moving average is C$2.25.

Insider Activity

In other news, insider 2176423 Ontario Ltd. sold 200,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of C$2.06, for a total transaction of C$412,000.00. Also, Director Rostislav Christov Raykov acquired 183,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The stock was bought at an average price of C$2.35 per share, with a total value of C$430,050.00. In the last three months, insiders have bought 359,800 shares of company stock worth $801,356. 43.82% of the stock is currently owned by insiders.

Lavras Gold Company Profile

Lavras Gold Corp. engages in the exploration and development of mineral resource properties in Brazil. It holds interests in the Lavras do Sul, an advanced exploration gold project with 29 mineral rights covering approximately 22,000 hectares located in Rio Grande do Sul, Brazil. The company was incorporated in 2021 and is headquartered in Toronto, Canada.