Lavras Gold (CVE:LGC) Share Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Lavras Gold Corp. (CVE:LGCGet Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.45 and traded as low as C$1.83. Lavras Gold shares last traded at C$1.85, with a volume of 19,200 shares changing hands.

Lavras Gold Stock Performance

The business has a 50-day moving average of C$2.03 and a two-hundred day moving average of C$2.45. The company has a market cap of C$114.52 million, a P/E ratio of -26.29 and a beta of -3.11. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.59 and a quick ratio of 11.12.

Lavras Gold Company Profile

(Get Free Report)

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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