Lavras Gold (CVE:LGC) Stock Price Up 20.8% – Should You Buy?

Lavras Gold Corp. (CVE:LGCGet Free Report) rose 20.8% during trading on Tuesday . The company traded as high as C$2.46 and last traded at C$2.38. Approximately 102,322 shares were traded during trading, an increase of 28% from the average daily volume of 79,954 shares. The stock had previously closed at C$1.97.

Lavras Gold Stock Up 29.9%

The firm has a market cap of C$159.33 million, a price-to-earnings ratio of -42.67 and a beta of -2.61. The business’s 50 day moving average price is C$2.19 and its 200 day moving average price is C$2.79. The company has a debt-to-equity ratio of 0.32, a quick ratio of 11.12 and a current ratio of 3.29.

Lavras Gold Company Profile

(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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