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

Lavras Gold Corp. (CVE:LGCGet Free Report)’s stock price passed 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.

Lavras Gold Stock 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 stock’s fifty day moving average is C$2.12 and its two-hundred day moving average is C$2.78. The firm has a market cap 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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