Lavras Gold (CVE:LGC) Share Price Passes Below 200 Day Moving Average - Here's Why

Key Points

• Lavras Gold Corp. shares fell below their 200-day moving average, trading at C$2.08, compared to an average of C$2.18.
• The company's market cap is C$121.33 million, and it has a PE ratio of -29.71, indicating negative earnings.
• Insider activity includes Director Rostislav Christov Raykov purchasing 12,800 shares at C$2.01 each, reflecting confidence in the company's future.

Lavras Gold Corp. (CVE:LGC - )'s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$2.18 and traded as low as C$2.08. Lavras Gold shares last traded at C$2.08, with a volume of 56,451 shares changing hands.

Lavras Gold Stock Down 0.5%

The company has a fifty day moving average of C$2.23 and a two-hundred day moving average of C$2.18. The company has a market cap of C$121.33 million, a PE ratio of -29.71 and a beta of -0.82. The company has a debt-to-equity ratio of 0.60, a quick ratio of 11.12 and a current ratio of 4.11.

Insiders Place Their Bets

In related news, Director Rostislav Christov Raykov purchased 12,800 shares of the firm's stock in a transaction that occurred on Wednesday, July 16th. The shares were bought at an average price of C$2.01 per share, for a total transaction of C$25,728.00. 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.

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