Lavras Gold (CVE:LGC) Sets New 12-Month Low – Here’s Why

Shares of Lavras Gold Corp. (CVE:LGC – Get Free Report) reached a new 52-week low on Thursday. The stock traded as low as C$1.66 and last traded at C$2.01, with a volume of 109,139 shares traded. The stock had previously closed at C$2.37.

Lavras Gold Stock Performance

The company has a 50 day simple moving average of C$3.04 and a 200-day simple moving average of C$2.54. The company has a debt-to-equity ratio of 0.18, a current ratio of 6.43 and a quick ratio of 11.12. The stock has a market cap of C$158.11 million, a P/E ratio of -42.33 and a beta of 1.07.

About Lavras Gold

(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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