Lavras Gold (CVE:LGC) Stock Price Crosses Above 200 Day Moving Average - Should You Sell?

Lavras Gold Corp. (CVE:LGC - Get Free Report) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$2.17 and traded as high as C$2.39. Lavras Gold shares last traded at C$2.39, with a volume of 4,200 shares trading hands.

Lavras Gold Trading Down 4.7%

The company has a debt-to-equity ratio of 0.60, a current ratio of 4.11 and a quick ratio of 11.12. The stock has a market capitalization of C$114.03 million, a PE ratio of -34.76 and a beta of -0.26. The stock's 50 day simple moving average is C$2.21 and its two-hundred day simple moving average is C$2.17.

Insider Buying and Selling at Lavras Gold

In other Lavras Gold news, Director Michael Christopher Durose bought 25,000 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The shares were bought at an average price of C$2.00 per share, for a total transaction of C$50,000.00. Also, Director Rostislav Christov Raykov bought 12,800 shares of the business's stock in a transaction that occurred on Wednesday, July 16th. The stock was acquired at an average cost of C$2.01 per share, for a total transaction of C$25,728.00. Insiders bought a total of 50,300 shares of company stock valued at $96,853 in the last three months. Company insiders own 43.82% of the company's stock.

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.