Lavras Gold Corp. (CVE:LGC – Get Free Report) was down 11.2% during trading on Thursday . The company traded as low as C$3.36 and last traded at C$3.40. Approximately 580,645 shares traded hands during trading, an increase of 428% from the average daily volume of 109,938 shares. The stock had previously closed at C$3.83.
Lavras Gold Stock Performance
The stock’s 50-day moving average is C$3.34 and its 200-day moving average is C$2.64. The stock has a market cap of C$198.62 million, a price-to-earnings ratio of -48.57 and a beta of -2.52. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.11 and a quick ratio of 11.12.
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.
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