Lavras Gold (CVE:LGC) Shares Pass Above 200 Day Moving Average – Here’s What Happened

Lavras Gold Corp. (CVE:LGC)’s share price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$2.23 and traded as high as C$2.35. Lavras Gold shares last traded at C$2.12, with a volume of 75,951 shares trading hands.

Lavras Gold Stock Performance

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 stock has a 50-day simple moving average of C$2.26 and a 200-day simple moving average of C$2.23. The stock has a market cap of C$108.89 million, a P/E ratio of -33.20 and a beta of -0.26.

Insider Buying and Selling at Lavras Gold

In other news, Director Michael Christopher Durose purchased 25,000 shares of the business’s stock in a transaction dated Friday, May 23rd. The shares were purchased at an average cost of C$2.00 per share, with a total value of C$50,000.00. Also, Director Rostislav Christov Raykov purchased 49,800 shares of the business’s stock in a transaction dated 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. Insiders have sold a total of 1,025,000 shares of company stock worth $2,102,000 over the last 90 days. Insiders own 43.82% of the company’s stock.

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.