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

Key Points

• Lavras Gold Corp. shares surpassed their 200-day moving average of C$2.17, trading at C$2.37 with a volume of 11,154 shares.
• The company has a market capitalization of C$138.24 million and key financial metrics such as a PE ratio of -33.86 and a debt-to-equity ratio of 0.60.
• Insider Rostislav Christov Raykov purchased 12,800 shares at C$2.01 each, indicating strong insider confidence, with insiders holding 43.82% of the stock.

Shares of Lavras Gold Corp. (CVE:LGC - ) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$2.17 and traded as high as C$2.37. Lavras Gold shares last traded at C$2.37, with a volume of 11,154 shares trading hands.

Lavras Gold Trading Up 3.0%

The company has a market capitalization of C$138.24 million, a PE ratio of -33.86 and a beta of -0.46. The company's fifty day moving average is C$2.16 and its 200-day moving average is C$2.17. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.11 and a quick ratio of 11.12.

Insider Transactions at Lavras Gold

In other news, Director Rostislav Christov Raykov purchased 12,800 shares of the business's stock in a transaction on Wednesday, July 16th. The shares were acquired 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 currently owned by 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.

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