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

Key Points

• Lavras Gold Corp. shares crossed above their 200-day moving average, indicating potential upward momentum, with a last traded price of C$2.30.
• Insider trading activity includes a purchase of 25,000 shares by Director Michael Christopher Durose and a sale of 25,000 shares by Director Jonathan Victor Hill, both at an average price of C$2.00.
• The company has a market capitalization of C$118.14 million and operates an advanced gold project in Brazil, covering approximately 22,000 hectares.

Lavras Gold Corp. (CVE:LGC - ) crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$2.18 and traded as high as C$2.33. Lavras Gold shares last traded at C$2.30, with a volume of 5,070 shares traded.

Lavras Gold Stock Performance

The company's 50-day moving average is C$2.20 and its two-hundred day moving average is C$2.18. The company has a market capitalization of C$118.14 million, a P/E ratio of -36.01 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.

Insiders Place Their Bets

In related news, Director Michael Christopher Durose purchased 25,000 shares of the firm's stock in a transaction dated Friday, May 23rd. The shares were purchased at an average price of C$2.00 per share, with a total value of C$50,000.00. Also, Director Jonathan Victor Hill sold 25,000 shares of Lavras Gold stock in a transaction on Friday, May 23rd. The stock was sold at an average price of C$2.00, for a total transaction of C$50,000.00. Insiders purchased a total of 50,300 shares of company stock valued at $96,853 in the last quarter. Corporate 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.

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