Lavras Gold (CVE:LGC) Share Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Lavras Gold Corp. (CVE:LGCGet Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of C$2.52 and traded as low as C$1.97. Lavras Gold shares last traded at C$1.97, with a volume of 2,900 shares trading hands.

Lavras Gold Price Performance

The stock has a market cap of C$122.61 million, a price-to-earnings ratio of -28.14 and a beta of -3.11. The company has a 50 day simple moving average of C$2.06 and a 200-day simple moving average of C$2.52. The company has a current ratio of 6.59, a quick ratio of 11.12 and a debt-to-equity ratio of 0.22.

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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