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

Lavras Gold Corp. (CVE:LGC) passed 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 changing hands.

Lavras Gold Price Performance

The stock’s 50-day simple moving average is C$2.09 and its 200 day simple moving average is C$2.24. 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 has a market cap of C$119.68 million, a price-to-earnings ratio of -36.48 and a beta of -0.26.

Insider Buying and Selling at Lavras Gold

In related news, Director Rostislav Christov Raykov bought 183,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were bought at an average price of C$2.35 per share, with a total value of C$430,050.00. Also, insider 2176423 Ontario Ltd. sold 200,000 shares of the stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of C$2.06, for a total transaction of C$412,000.00. Insiders have purchased 319,800 shares of company stock valued at $707,356 over the last 90 days. 43.82% of the stock is owned by 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.