Lavras Gold (CVE:LGC) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

Lavras Gold Corp. (CVE:LGCGet Free Report)’s stock price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of C$2.05 and traded as high as C$2.15. Lavras Gold shares last traded at C$2.15, with a volume of 37,370 shares changing hands.

Lavras Gold Trading Down 0.5%

The company has a market cap of C$133.81 million, a P/E ratio of -30.71 and a beta of -3.11. The stock’s 50 day moving average is C$2.05 and its 200-day moving average is C$2.57. The company has a current ratio of 6.59, a quick ratio of 11.12 and a debt-to-equity ratio of 0.22.

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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