Lavras Gold Corp. (CVE:LGC – Get Free Report)’s share price fell 11.9% during trading on Thursday . The stock traded as low as C$0.89 and last traded at C$0.89. 96,020 shares were traded during mid-day trading, an increase of 77% from the average session volume of 54,273 shares. The stock had previously closed at C$1.01.
Lavras Gold Trading Up 1.2 %
The company has a 50 day moving average price of C$0.99 and a 200 day moving average price of C$1.08. The firm has a market cap of C$42.56 million and a price-to-earnings ratio of -11.00. The company has a debt-to-equity ratio of 0.93, a quick ratio of 11.12 and a current ratio of 7.24.
Insider Buying and Selling
In other news, Director Rostislav Christov Raykov bought 95,500 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were purchased at an average price of C$1.00 per share, with a total value of C$95,500.00. In the last 90 days, insiders have bought 263,900 shares of company stock valued at $263,900. Corporate insiders own 37.67% of the company’s stock.
About Lavras Gold
(Get Free Report)
Lavras Gold Corp. operates as a junior exploration company in southern Brazil. It engages in the exploration and development of the Lavras do Sul gold project covering an area of 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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