Lavras Gold (CVE:LGC) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Lavras Gold Corp. (CVE:LGCGet Free Report)’s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of C$2.78 and traded as low as C$2.16. Lavras Gold shares last traded at C$2.19, with a volume of 52,609 shares changing hands.

Lavras Gold Price Performance

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 business’s 50 day simple moving average is C$2.12 and its 200-day simple moving average is C$2.78. The stock has a market capitalization of C$136.30 million, a price-to-earnings ratio of -36.50 and a beta of -2.61.

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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