Lavras Gold (CVE:LGC) Shares Pass Above Two Hundred Day Moving Average - Here's Why

Lavras Gold Corp. (CVE:LGC - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-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 Stock Performance

The company has a market cap of C$123.27 million, a P/E ratio of -37.58 and a beta of -0.26. The company has a 50 day moving average price of C$2.22 and a 200-day moving average price of 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 news, Director Rostislav Christov Raykov purchased 49,800 shares of Lavras Gold stock in a transaction on Thursday, March 27th. The shares were purchased at an average cost of C$2.07 per share, for a total transaction of C$103,086.00. Also, insider 2176423 Ontario Ltd. sold 200,000 shares of the firm's stock in a transaction on Wednesday, March 26th. The shares were sold at an average price of C$2.06, for a total value of C$412,000.00. Over the last quarter, insiders purchased 111,800 shares of company stock valued at $229,306 and 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.