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

Lavras Gold Corp. (CVE:LGC)’s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$2.26 and traded as high as C$2.40. Lavras Gold shares last traded at C$2.25, with a volume of 10,224 shares traded.

Lavras Gold Stock Performance

The company has a debt-to-equity ratio of 0.66, a current ratio of 7.38 and a quick ratio of 11.12. The company has a fifty day moving average of C$2.45 and a two-hundred day moving average of C$2.26. The stock has a market capitalization of C$115.54 million, a P/E ratio of -32.14 and a beta of -0.26.

Insider Activity at Lavras Gold

In other Lavras Gold news, Director Rowland Wallace Uloth acquired 30,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 8th. The shares were purchased at an average price of C$2.49 per share, for a total transaction of C$75,945.00. Also, insider 2176423 Ontario Ltd. sold 200,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The shares were sold at an average price of C$2.60, for a total value of C$519,240.00. In the last ninety days, insiders have bought 220,900 shares of company stock valued at $550,157 and have sold 907,100 shares valued at $2,205,214. Corporate insiders own 43.82% of the company’s stock.

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.