Lavras Gold (CVE:LGC) Trading Down 11% – Should You Sell?

Shares of Lavras Gold Corp. (CVE:LGCGet Free Report) traded down 11% during trading on Thursday . The company traded as low as C$3.36 and last traded at C$3.41. 698,346 shares changed hands during mid-day trading, an increase of 473% from the average session volume of 121,818 shares. The stock had previously closed at C$3.83.

Lavras Gold Price Performance

The company has a debt-to-equity ratio of 0.60, a current ratio of 4.11 and a quick ratio of 11.12. The business’s fifty day moving average price is C$3.36 and its two-hundred day moving average price is C$2.66. The stock has a market capitalization of C$198.62 million, a PE ratio of -48.57 and a beta of -2.52.

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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