Lavras Gold (CVE:LGC) Shares Pass Above 200 Day Moving Average - Should You Sell?

Lavras Gold Corp. (CVE:LGC - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$2.25 and traded as high as C$2.34. Lavras Gold shares last traded at C$2.32, with a volume of 48,728 shares trading hands.

Lavras Gold Stock Performance

The company's 50-day simple moving average is C$2.07 and its 200 day simple moving average is C$2.24. The stock has a market cap of C$120.71 million, a P/E ratio of -36.80 and a beta of -0.26. The company has a current ratio of 4.11, a quick ratio of 11.12 and a debt-to-equity ratio of 0.60.

Insider Buying and Selling

In other Lavras Gold news, insider 2176423 Ontario Ltd. sold 200,000 shares of Lavras Gold stock in a transaction dated Wednesday, March 26th. The stock was sold at an average price of C$2.06, for a total transaction of C$412,000.00. Also, Director Rostislav Christov Raykov bought 183,000 shares of Lavras Gold stock in a transaction that occurred on Tuesday, February 18th. The shares were acquired at an average price of C$2.35 per share, with a total value of C$430,050.00. Over the last three months, insiders have acquired 319,800 shares of company stock worth $707,356. 43.82% of the stock is owned by company 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.