Lavras Gold (CVE:LGC) Hits New 1-Year High – Still a Buy?

Shares of Lavras Gold Corp. (CVE:LGCGet Free Report) hit a new 52-week high during trading on Monday . The company traded as high as C$3.58 and last traded at C$3.48, with a volume of 120711 shares. The stock had previously closed at C$3.40.

Lavras Gold Trading Up 1.2%

The company has a debt-to-equity ratio of 0.60, a quick ratio of 11.12 and a current ratio of 4.11. The stock’s 50-day simple moving average is C$3.02 and its 200-day simple moving average is C$2.48. The firm has a market capitalization of C$200.96 million, a PE ratio of -49.14 and a beta of -2.52.

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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