Lavras Gold (CVE:LGC) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Lavras Gold Corp. (CVE:LGC)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$2.23 and traded as high as C$2.45. Lavras Gold shares last traded at C$2.43, with a volume of 49,900 shares trading hands.

Lavras Gold Stock Down 0.8%

The business’s 50 day moving average price is C$2.20 and its 200-day moving average price is C$2.23. The firm has a market capitalization of C$124.82 million, a PE ratio of -38.05 and a beta of -0.26. The company has a debt-to-equity ratio of 0.60, a quick ratio of 11.12 and a current ratio of 4.11.

Insider Activity

In related news, Director Michael Christopher Durose purchased 25,000 shares of Lavras Gold stock in a transaction that occurred on Friday, May 23rd. The stock was purchased at an average cost of C$2.00 per share, with a total value of C$50,000.00. Also, Director Rostislav Christov Raykov purchased 37,000 shares of Lavras Gold stock in a transaction that occurred on Wednesday, March 19th. The stock was bought at an average cost of C$2.06 per share, with a total value of C$76,220.00. In the last three months, insiders have purchased 161,800 shares of company stock valued at $327,306 and have sold 1,025,000 shares valued at $2,102,000. Insiders own 43.82% of the company’s stock.

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.