Lavras Gold (CVE:LGC) Trading Down 9.9% – What’s Next?

Lavras Gold Corp. (CVE:LGCGet Free Report)’s share price was down 9.9% during trading on Thursday . The company traded as low as C$3.36 and last traded at C$3.45. Approximately 436,506 shares changed hands during trading, an increase of 412% from the average daily volume of 85,282 shares. The stock had previously closed at C$3.83.

Lavras Gold Trading Down 9.9%

The company has a debt-to-equity ratio of 0.60, a quick ratio of 11.12 and a current ratio of 4.11. The company’s fifty day moving average is C$3.34 and its two-hundred day moving average is C$2.64. The company has a market cap of C$201.55 million, a price-to-earnings ratio of -49.29 and a beta of -2.52.

About Lavras Gold

(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.

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