Lavras Gold (CVE:LGC) Stock Passes Below 200-Day Moving Average – Time to Sell?

Shares of Lavras Gold Corp. (CVE:LGC) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of C$2.82 and traded as low as C$2.00. Lavras Gold shares last traded at C$2.03, with a volume of 13,189 shares traded.

Lavras Gold Stock Down 6.5%

The firm’s fifty day simple moving average is C$2.71 and its 200 day simple moving average is C$2.82. The company has a current ratio of 3.29, a quick ratio of 11.12 and a debt-to-equity ratio of 0.32. The company has a market cap of C$126.27 million, a price-to-earnings ratio of -33.83 and a beta of -3.43.

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.