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Lavras Gold (CVE:LGC) Shares Cross Below 200 Day Moving Average - What's Next?

Lavras Gold logo with Basic Materials background

Lavras Gold Corp. (CVE:LGC - Get Free Report) shares crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$2.18 and traded as low as C$2.00. Lavras Gold shares last traded at C$2.06, with a volume of 14,500 shares trading hands.

Lavras Gold Trading Up 0.5%

The company has a market cap of C$107.86 million, a price-to-earnings ratio of -32.88 and a beta of -0.26. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.11 and a quick ratio of 11.12. The firm's fifty day moving average price is C$2.21 and its 200-day moving average price is C$2.17.

Insider Buying and Selling

In related news, Director Rostislav Christov Raykov acquired 12,800 shares of Lavras Gold stock in a transaction that occurred on Wednesday, July 16th. The stock was acquired at an average price of C$2.01 per share, with a total value of C$25,728.00. Also, Director Michael Christopher Durose acquired 25,000 shares of Lavras Gold stock in a transaction that occurred on Friday, May 23rd. The stock was bought at an average cost of C$2.00 per share, with a total value of C$50,000.00. Insiders purchased 50,300 shares of company stock valued at $96,853 over the last 90 days. 43.82% of the stock is currently owned by company insiders.

Lavras Gold Company Profile

(Get Free Report)

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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