Lavras Gold (CVE:LGC) Stock Price Up 9.3% – What’s Next?

Lavras Gold Corp. (CVE:LGC) traded up 9.3% during mid-day trading on Thursday . The stock traded as high as C$2.12 and last traded at C$2.00. 138,560 shares were traded during mid-day trading, an increase of 31% from the average session volume of 105,733 shares. The stock had previously closed at C$1.83.

Lavras Gold Trading Up 14.2%

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 firm has a market capitalization of C$130.00 million, a P/E ratio of -34.83 and a beta of -3.43. The firm has a 50 day moving average price of C$2.92 and a two-hundred day moving average price of C$2.84.

Lavras Gold Company Profile

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.