Lavras Gold (CVE:LGC) Stock Crosses Below 200-Day Moving Average - Here's Why

Key Points

• Lavras Gold Corp. shares fell below their 200-day moving average, which is C$2.17, indicating a potential sell signal as the stock last traded at C$2.22.
• The company has a market capitalization of C$114.03 million and a high current ratio of 4.11, suggesting a strong liquidity position.
• Insider activity includes Director Rostislav Christov Raykov purchasing 12,800 shares at an average price of C$2.01, indicating insider confidence in the stock.

Lavras Gold Corp. (CVE:LGC - Get Free Report)'s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$2.17 and traded as low as C$2.17. Lavras Gold shares last traded at C$2.22, with a volume of 2,500 shares trading hands.

Lavras Gold Stock Up 0.9%

The stock's 50-day moving average price is C$2.13 and its two-hundred day moving average price is C$2.17. The stock has a market capitalization of C$131.83 million, a P/E ratio of -32.29 and a beta of -0.46. The company has a current ratio of 4.11, a quick ratio of 11.12 and a debt-to-equity ratio of 0.60.

Insider Buying and Selling at Lavras Gold

In related news, Director Rostislav Christov Raykov bought 12,800 shares of Lavras Gold stock in a transaction dated Wednesday, July 16th. The stock was purchased at an average cost of C$2.01 per share, with a total value of C$25,728.00. 43.82% of the stock is owned by corporate insiders.

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.