Lavras Gold (CVE:LGC) Share Price Passes Below Two Hundred Day Moving Average – Here’s Why

Shares of Lavras Gold Corp. (CVE:LGC) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$2.26 and traded as low as C$1.93. Lavras Gold shares last traded at C$2.01, with a volume of 50,220 shares trading hands.

Lavras Gold Stock Up 4.1 %

The company has a quick ratio of 11.12, a current ratio of 4.11 and a debt-to-equity ratio of 0.60. The firm has a 50 day moving average price of C$2.06 and a two-hundred day moving average price of C$2.26. The company has a market capitalization of C$103.24 million, a price-to-earnings ratio of -31.47 and a beta of -0.26.

Insiders Place Their Bets

In related news, Director Rostislav Christov Raykov acquired 40,000 shares of the firm’s stock in a transaction on Tuesday, February 11th. The stock was bought at an average cost of C$2.35 per share, with a total value of C$94,000.00. Also, insider 2176423 Ontario Ltd. sold 800,000 shares of the firm’s stock in a transaction on Monday, March 31st. The stock was sold at an average price of C$2.05, for a total transaction of C$1,640,000.00. Insiders have acquired 359,800 shares of company stock worth $801,356 in the last three months. 43.82% of the stock is owned by insiders.

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.