Lavras Gold (CVE:LGC) Share Price Passes Below 200 Day Moving Average – Should You Sell?

Lavras Gold Corp. (CVE:LGCGet Free Report)’s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of C$2.22 and traded as low as C$2.17. Lavras Gold shares last traded at C$2.39, with a volume of 33,950 shares traded.

Lavras Gold Stock Up 6.2%

The business has a 50 day moving average of C$2.26 and a 200-day moving average of C$2.22. The stock has a market cap of C$139.41 million, a PE ratio of -34.14 and a beta of -1.19. The company has a current ratio of 4.11, a quick ratio of 11.12 and a debt-to-equity ratio of 0.60.

About Lavras Gold

(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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