Lavras Gold (CVE:LGC) Share Price Passes Below Two Hundred Day Moving Average – Here’s Why

Shares of Lavras Gold Corp. (CVE:LGC) passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$2.26 and traded as low as C$1.93. Lavras Gold shares last traded at C$2.01, with a volume of 50,220 shares trading hands.

Lavras Gold Trading Up 4.1 %

The company has a debt-to-equity ratio of 0.60, a current ratio of 4.11 and a quick ratio of 11.12. The firm’s fifty day moving average price is C$2.06 and its 200-day moving average price is C$2.26. The company has a market cap of C$103.24 million, a price-to-earnings ratio of -31.47 and a beta of -0.26.

Insiders Place Their Bets

In related news, Director Rostislav Christov Raykov purchased 183,000 shares of the company’s stock in a transaction on Tuesday, February 18th. The shares were bought at an average cost of C$2.35 per share, for a total transaction of C$430,050.00. Also, insider 2176423 Ontario Ltd. sold 800,000 shares of the stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of C$2.05, for a total transaction of C$1,640,000.00. In the last 90 days, insiders bought 359,800 shares of company stock worth $801,356. Insiders own 43.82% of the company’s stock.

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.