2176423 Ontario Ltd. Sells 16,100 Shares of Lavras Gold Corp. (CVE:LGC) Stock

Lavras Gold Corp. (CVE:LGC) insider 2176423 Ontario Ltd. sold 16,100 shares of the company’s stock in a transaction that occurred 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.

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

• On Thursday, December 19th, 2176423 Ontario Ltd. sold 34,700 shares of Lavras Gold stock. The shares were sold at an average price of C$2.29, for a total value of C$79,417.89.
• On Monday, December 9th, 2176423 Ontario Ltd. sold 154,600 shares of Lavras Gold stock. The shares were sold at an average price of C$2.43, for a total value of C$376,296.40.
• On Tuesday, November 26th, 2176423 Ontario Ltd. sold 113,200 shares of Lavras Gold stock. The shares were sold at an average price of C$2.47, for a total transaction of C$279,207.80.

Lavras Gold Trading Down 8.9 %

CVE:LGC traded down C$0.22 on Tuesday, reaching C$2.26. 550 shares of the stock traded hands, compared to its average volume of 39,345. Lavras Gold Corp. has a 1-year low of C$0.75 and a 1-year high of C$2.89. The company’s 50 day moving average is C$2.34 and its 200-day moving average is C$2.36. 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 firm has a market capitalization of C$116.05 million, a price-to-earnings ratio of -32.29 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.