Insider Buying: Lavras Gold Corp. (CVE:LGC) Director Purchases 25,000 Shares of Stock

Lavras Gold Corp. (CVE:LGC - Get Free Report) Director Michael Christopher Durose purchased 25,000 shares of the firm's stock in a transaction dated Friday, May 23rd. The stock was bought at an average cost of C$2.00 per share, for a total transaction of C$50,000.00.

Lavras Gold Trading Down 2.0%

Shares of LGC stock traded down C$0.05 on Friday, hitting C$2.40. 13,600 shares of the company's stock traded hands, compared to its average volume of 54,782. The company has a debt-to-equity ratio of 0.60, a quick ratio of 11.12 and a current ratio of 4.11. Lavras Gold Corp. has a one year low of C$1.38 and a one year high of C$2.89. The company's fifty day simple moving average is C$2.15 and its 200 day simple moving average is C$2.23. The stock has a market capitalization of C$123.27 million, a price-to-earnings ratio of -37.58 and a beta of -0.26.

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.