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

Shares of Lavras Gold Corp. (CVE:LGC - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$2.23 and traded as high as C$2.45. Lavras Gold shares last traded at C$2.43, with a volume of 49,900 shares traded.

Lavras Gold Price Performance

The firm has a market cap of C$125.84 million, a price-to-earnings ratio of -38.36 and a beta of -0.26. The company's fifty day moving average is C$2.24 and its 200 day moving average is C$2.23. 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 other Lavras Gold news, insider 2176423 Ontario Ltd. sold 200,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 26th. The stock was sold at an average price of C$2.06, for a total value of C$412,000.00. Also, Director Michael Christopher Durose acquired 25,000 shares of the company's stock in a transaction dated Friday, May 23rd. The shares were bought at an average price of C$2.00 per share, for a total transaction of C$50,000.00. In the last three months, insiders have acquired 111,800 shares of company stock valued at $229,306 and have sold 1,025,000 shares valued at $2,102,000. 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.