Lavras Gold (CVE:LGC) Stock Passes Above 200 Day Moving Average - Time to Sell?

Key Points

• Lavras Gold Corp. (CVE:LGC) shares recently crossed above their 200-day moving average of C$2.18 during trading, reaching a high of C$2.20 before closing at C$2.16.
• The company has a market cap of C$110.95 million, a negative price-to-earnings ratio of -33.82, and solid liquidity ratios with a quick ratio of 11.12.
• Insider activity includes the purchase of 25,000 shares by Director Michael Christopher Durose and the same number sold by Director Jonathan Victor Hill, indicating active management involvement in the stock.

Lavras Gold Corp. (CVE:LGC - Get Free Report) shares passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$2.18 and traded as high as C$2.20. Lavras Gold shares last traded at C$2.16, with a volume of 4,330 shares trading hands.

Lavras Gold Trading Down 2.8%

The firm has a market capitalization of C$107.86 million, a P/E ratio of -32.88 and a beta of -0.26. The business has a 50 day moving average of C$2.17 and a 200-day moving average of C$2.17. The company has a current ratio of 4.11, a quick ratio of 11.12 and a debt-to-equity ratio of 0.60.

Insiders Place Their Bets

In related news, Director Michael Christopher Durose bought 25,000 shares of Lavras Gold stock in a transaction dated Friday, May 23rd. The shares were bought at an average cost of C$2.00 per share, with a total value of C$50,000.00. Also, Director Rostislav Christov Raykov acquired 12,800 shares of Lavras Gold stock in a transaction that occurred on Wednesday, July 16th. The shares were purchased at an average price of C$2.01 per share, for a total transaction of C$25,728.00. Insiders have bought 50,300 shares of company stock worth $96,853 in the last 90 days. 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.