Lavras Gold (CVE:LGC) Shares Cross Above Two Hundred Day Moving Average – Should You Sell?

Lavras Gold Corp. (CVE:LGC) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.24 and traded as high as C$2.35. Lavras Gold shares last traded at C$2.33, with a volume of 15,690 shares traded.

Lavras Gold Price Performance

The firm has a market cap of C$119.68 million, a price-to-earnings ratio of -36.48 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 company’s 50-day moving average price is C$2.09 and its 200-day moving average price is C$2.24.

Insider Transactions at Lavras Gold

In related news, insider 2176423 Ontario Ltd. sold 200,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of C$2.06, for a total value of C$412,000.00. Also, Director Rostislav Christov Raykov bought 50,000 shares of Lavras Gold stock in a transaction that occurred on Thursday, March 13th. The stock was purchased at an average cost of C$1.96 per share, for a total transaction of C$98,000.00. Over the last quarter, insiders have acquired 319,800 shares of company stock valued at $707,356. 43.82% of the stock is currently owned by corporate insiders.

About Lavras Gold

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.