Lavras Gold (CVE:LGC) Stock Crosses Above 200 Day Moving Average – What’s Next?

Shares of Lavras Gold Corp. (CVE:LGC) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of C$2.73 and traded as high as C$2.98. Lavras Gold shares last traded at C$2.97, with a volume of 60,763 shares traded.

Lavras Gold Stock Performance

The company has a fifty day moving average of C$3.40 and a two-hundred day moving average of C$2.74. The stock has a market capitalization of C$182.24 million, a P/E ratio of -42.43 and a beta of -3.36. The company has a debt-to-equity ratio of 0.60, a current ratio of 4.11 and a quick ratio of 11.12.

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.