Lavras Gold (CVE:LGC) Shares Cross Above 200-Day Moving Average - Here's Why

Lavras Gold Corp. (CVE:LGC - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.24 and traded as high as C$2.35. Lavras Gold shares last traded at C$2.33, with a volume of 15,690 shares changing hands.

Lavras Gold Stock Performance

The company's 50 day simple moving average is C$2.10 and its 200-day simple moving average is C$2.23. The firm has a market cap of C$120.71 million, a P/E ratio of -36.80 and a beta of -0.26. The company has a quick ratio of 11.12, a current ratio of 4.11 and a debt-to-equity ratio of 0.60.

Insider Buying and Selling

In other Lavras Gold news, insider 2176423 Ontario Ltd. sold 200,000 shares of the company's stock in a transaction dated Wednesday, March 26th. The shares were sold at an average price of C$2.06, for a total value of C$412,000.00. Also, Director Rostislav Christov Raykov bought 37,000 shares of Lavras Gold stock in a transaction dated Wednesday, March 19th. The shares were bought at an average cost of C$2.06 per share, for a total transaction of C$76,220.00. In the last three months, insiders acquired 136,800 shares of company stock valued at $277,306. 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.