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

Lavras Gold Corp. (CVE:LGC)’s share price passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of C$2.81 and traded as high as C$2.85. Lavras Gold shares last traded at C$2.70, with a volume of 37,361 shares trading hands.

Lavras Gold Stock Performance

The company has a current ratio of 5.43, a quick ratio of 11.12 and a debt-to-equity ratio of 0.36. The firm has a market capitalization of C$165.67 million, a PE ratio of -38.57 and a beta of -3.36. The firm’s fifty day moving average price is C$3.24 and its 200 day moving average price is C$2.81.

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.