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

Lavras Gold Corp. (CVE:LGCGet Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of C$2.73 and traded as low as C$1.81. Lavras Gold shares last traded at C$1.93, with a volume of 15,513 shares traded.

Lavras Gold Trading Up 1.6%

The business has a 50-day simple moving average of C$2.11 and a two-hundred day simple moving average of C$2.72. The stock has a market cap of C$121.98 million, a price-to-earnings ratio of -28.00 and a beta of -3.38. The company has a debt-to-equity ratio of 0.22, a current ratio of 6.59 and a quick ratio of 11.12.

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.

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