Lavras Gold (CVE:LGC) Share Price Passes Below 200-Day Moving Average – Here’s What Happened

Lavras Gold Corp. (CVE:LGC)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of C$2.82 and traded as low as C$2.13. Lavras Gold shares last traded at C$2.17, with a volume of 14,065 shares traded.

Lavras Gold Stock Down 3.6%

The company has a debt-to-equity ratio of 0.32, a current ratio of 3.29 and a quick ratio of 11.12. The business has a 50 day simple moving average of C$2.56 and a 200 day simple moving average of C$2.82. The company has a market capitalization of C$134.98 million, a price-to-earnings ratio of -36.17 and a beta of -2.21.

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.