Lavras Gold (CVE:LGC) Stock Price Passes Below 200 Day Moving Average – Here’s What Happened

Lavras Gold Corp. (CVE:LGCGet Free Report)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$2.62 and traded as low as C$1.75. Lavras Gold shares last traded at C$1.82, with a volume of 26,000 shares.

Lavras Gold Trading Up 2.8%

The company has a fifty day moving average of C$2.06 and a two-hundred day moving average of C$2.62. The company has a quick ratio of 11.12, a current ratio of 6.59 and a debt-to-equity ratio of 0.22. The stock has a market capitalization of C$113.27 million, a price-to-earnings ratio of -26.00 and a beta of -3.38.

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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