Lavras Gold (CVE:LGC) Stock Crosses Below Two Hundred Day Moving Average - Here's What Happened

Lavras Gold Corp. (CVE:LGC - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of C$2.28 and traded as low as C$2.11. Lavras Gold shares last traded at C$2.15, with a volume of 478,411 shares.

Lavras Gold Stock Down 4.0 %

The firm has a market capitalization of C$97.59 million, a price-to-earnings ratio of -29.75 and a beta of -0.26. 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 company's 50 day moving average price is C$2.08 and its 200 day moving average price is C$2.27.

Insiders Place Their Bets

In other Lavras Gold news, insider 2176423 Ontario Ltd. sold 200,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 26th. The shares were sold at an average price of C$2.06, for a total transaction of C$412,000.00. Also, Director Rostislav Christov Raykov acquired 183,000 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were acquired at an average price of C$2.35 per share, with a total value of C$430,050.00. In the last 90 days, insiders bought 361,800 shares of company stock valued at $806,296. 43.82% of the stock is owned by company insiders.

Lavras Gold Company Profile

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.