Lavras Gold Corp. (CVE:LGC – Get Free Report) fell 10.4% during mid-day trading on Thursday . The stock traded as low as C$3.36 and last traded at C$3.43. 639,045 shares were traded during trading, an increase of 443% from the average session volume of 117,705 shares. The stock had previously closed at C$3.83.
Lavras Gold Stock Down 11.2%
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 firm has a market capitalization of C$198.62 million, a P/E ratio of -48.57 and a beta of -2.52. The company’s 50-day simple moving average is C$3.34 and its two-hundred day simple moving average is C$2.64.
About Lavras Gold
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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