Lavras Gold (CVE:LGC) Share Price Crosses Above 200 Day Moving Average – Here’s Why

Lavras Gold Corp. (CVE:LGC)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$2.79 and traded as high as C$3.16. Lavras Gold shares last traded at C$3.02, with a volume of 338,185 shares changing hands.

Lavras Gold Stock Performance

The firm has a market capitalization of C$185.00 million, a price-to-earnings ratio of -43.07 and a beta of -3.36. The company has a current ratio of 4.11, a quick ratio of 11.12 and a debt-to-equity ratio of 0.60. The stock’s 50-day moving average is C$3.29 and its 200-day moving average is C$2.79.

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.