Lavras Gold (CVE:LGC) Sets New 1-Year Low – Time to Sell?

Shares of Lavras Gold Corp. (CVE:LGC – Get Free Report) hit a new 52-week low during trading on Thursday. The company traded as low as C$1.66 and last traded at C$2.01, with a volume of 109,139 shares traded. The stock had previously closed at C$2.37.

Lavras Gold Price Performance

The stock has a market capitalization of C$130.72 million, a P/E ratio of -35.00 and a beta of 1.49. The company has a current ratio of 6.43, a quick ratio of 11.12 and a debt-to-equity ratio of 0.18. The company has a fifty day simple moving average of C$3.09 and a two-hundred day simple moving average of C$2.56.

Lavras Gold Company Profile

(Get Free Report)

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.

Recommended Stories

Receive News & Ratings for Lavras Gold Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Lavras Gold and related companies with MarketBeat.com's FREE daily email newsletter.