Lavras Gold (CVE:LGC) Stock Price Crosses Below 200-Day Moving Average – What’s Next?

Lavras Gold Corp. (CVE:LGC)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of C$2.76 and traded as low as C$2.70. Lavras Gold shares last traded at C$2.82, with a volume of 61,696 shares traded.

Lavras Gold Price Performance

The company has a debt-to-equity ratio of 0.60, a quick ratio of 11.12 and a current ratio of 4.11. The company’s 50 day moving average price is C$3.34 and its 200-day moving average price is C$2.76. The company has a market cap of C$173.04 million, a price-to-earnings ratio of -40.29 and a beta of -3.36.

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.