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

Lavras Gold Corp. (CVE:LGC)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$2.83 and traded as low as C$2.15. Lavras Gold shares last traded at C$2.30, with a volume of 5,857 shares.

Lavras Gold Price Performance

The company has a debt-to-equity ratio of 0.32, a quick ratio of 11.12 and a current ratio of 3.29. The stock has a market cap of C$143.07 million, a PE ratio of -38.33 and a beta of -2.21. The stock’s 50-day moving average is C$2.48 and its two-hundred day moving average is C$2.83.

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.