Lavras Gold (CVE:LGC) Shares Up 9.3% - Here's Why

Key Points

• Shares rose 9.3% — Lavras Gold climbed to C$2.00 (intraday high C$2.12) on Thursday with about 138,560 shares traded, a 31% increase versus average, after a prior close of C$1.83.
• Lavras Gold is a Toronto-listed explorer of the Lavras do Sul gold project in Brazil with a market cap of C$130.0M, a negative P/E (-34.83), strong liquidity (current ratio 3.29, quick ratio 11.12) and modest leverage (debt/equity 0.32); its 50- and 200-day moving averages are roughly C$2.92 and C$2.84.

Lavras Gold Corp. (CVE:LGC - ) rose 9.3% on Thursday . The company traded as high as C$2.12 and last traded at C$2.00. Approximately 138,560 shares were traded during mid-day trading, an increase of 31% from the average daily volume of 105,733 shares. The stock had previously closed at C$1.83.

Lavras Gold Stock Performance

The company's 50-day moving average price is C$2.92 and its two-hundred day moving average price is C$2.84. The company has a market cap of C$130.00 million, a P/E ratio of -34.83 and a beta of -3.43. The company has a current ratio of 3.29, a quick ratio of 11.12 and a debt-to-equity ratio of 0.32.

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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