Lavras Gold Corp. (CVE:LGC – Get Free Report) shares fell 11% 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 quick ratio of 11.12 and a current ratio of 4.11. The company’s 50-day moving average price is C$3.36 and its 200 day moving average price is C$2.66. The stock has a market capitalization of C$198.62 million, a P/E ratio of -48.57 and a beta of -2.52.
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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