Lavras Gold Corp. (CVE:LGC – Get Free Report) shares shot up 19.1% during mid-day trading on Monday . The company traded as high as C$3.95 and last traded at C$3.80. 159,725 shares changed hands during trading, an increase of 150% from the average daily volume of 63,777 shares. The stock had previously closed at C$3.19.
Lavras Gold Trading Up 17.6%
The firm has a market capitalization of C$233.43 million, a price-to-earnings ratio of -62.50 and a beta of -3.10. The business’s 50-day moving average price is C$2.14 and its 200 day moving average price is C$2.27. The company has a debt-to-equity ratio of 0.18, a current ratio of 6.43 and a quick ratio of 11.12.
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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