Lavras Gold Corp. (CVE:LGC) Insider 2176423 Ontario Ltd. Sells 200,000 Shares of Stock

Lavras Gold Corp. (CVE:LGC) insider 2176423 Ontario Ltd. sold 200,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 16th. The stock was sold at an average price of C$2.60, for a total value of C$519,240.00.

2176423 Ontario Ltd. also recently made the following trade(s):

• On Monday, September 23rd, 2176423 Ontario Ltd. sold 39,300 shares of Lavras Gold stock. The shares were sold at an average price of C$0.27, for a total transaction of C$10,469.52.
• On Thursday, September 12th, 2176423 Ontario Ltd. sold 52,600 shares of Lavras Gold stock. The stock was sold at an average price of C$2.62, for a total transaction of C$137,564.78.
• On Tuesday, September 3rd, 2176423 Ontario Ltd. sold 33,600 shares of Lavras Gold stock. The shares were sold at an average price of C$2.62, for a total transaction of C$87,984.96.
• On Tuesday, August 20th, 2176423 Ontario Ltd. sold 44,500 shares of Lavras Gold stock. The stock was sold at an average price of C$2.56, for a total transaction of C$114,035.70.

Lavras Gold Price Performance

Shares of LGC opened at C$2.64 on Thursday. The company has a current ratio of 7.38, a quick ratio of 11.12 and a debt-to-equity ratio of 0.66. The stock’s 50 day moving average is C$2.48 and its two-hundred day moving average is C$1.98. Lavras Gold Corp. has a twelve month low of C$0.75 and a twelve month high of C$2.89. The firm has a market capitalization of C$135.56 million, a PE ratio of -37.71 and a beta of -0.26.

About Lavras Gold

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.