Lavras Gold (CVE:LGC) Stock Price Down 10.9%

Shares of Lavras Gold Corp. (CVE:LGC) traded down 10.9% during mid-day trading on Thursday . The company traded as low as C$1.21 and last traded at C$1.22. 123,477 shares were traded during mid-day trading, an increase of 67% from the average session volume of 73,742 shares. The stock had previously closed at C$1.37.

Lavras Gold Price Performance

The firm has a market capitalization of C$75.48 million and a P/E ratio of -29.40. The business has a fifty day moving average of C$1.09 and a 200-day moving average of C$1.14. The company has a debt-to-equity ratio of 0.76, a quick ratio of 11.12 and a current ratio of 18.00.

Insider Buying and Selling

In other news, Director Rostislav Christov Raykov bought 94,900 shares of the business’s stock in a transaction on Tuesday, February 20th. The stock was purchased at an average cost of C$1.00 per share, for a total transaction of C$94,900.00. In related news, Director Rostislav Christov Raykov acquired 94,900 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was bought at an average price of C$1.00 per share, for a total transaction of C$94,900.00. Also, Director Rowland Wallace Uloth bought 22,500 shares of Lavras Gold stock in a transaction dated Friday, March 22nd. The stock was acquired at an average price of C$1.35 per share, with a total value of C$30,375.00. Insiders acquired 303,500 shares of company stock valued at $323,175 in the last three months. 39.90% of the stock is currently owned by corporate insiders.

About Lavras Gold

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.