Lavras Gold (CVE:LGC) Stock Price Passes Below 200 Day Moving Average – Time to Sell?

Lavras Gold Corp. (CVE:LGC)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$2.41 and traded as low as C$2.14. Lavras Gold shares last traded at C$2.15, with a volume of 50,500 shares changing hands.

Lavras Gold Price Performance

The firm’s fifty day simple moving average is C$2.29 and its two-hundred day simple moving average is C$2.41. The company has a quick ratio of 11.12, a current ratio of 4.11 and a debt-to-equity ratio of 0.60. The firm has a market cap of C$110.43 million, a PE ratio of -33.67 and a beta of -0.26.

Insider Transactions at Lavras Gold

In other news, insider 2176423 Ontario Ltd. sold 16,100 shares of the business’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of C$2.50, for a total value of C$40,250.00. Also, Director Rostislav Christov Raykov bought 15,800 shares of the stock in a transaction dated Wednesday, December 11th. The stock was bought at an average cost of C$2.40 per share, for a total transaction of C$37,920.00. Over the last quarter, insiders have purchased 276,100 shares of company stock valued at $647,164 and have sold 205,400 shares valued at $495,964. Insiders own 43.82% of the company’s stock.

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.