Lavras Gold (CVE:LGC) Hits New 12-Month High at $2.47

Lavras Gold Corp. (CVE:LGC)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as C$2.47 and last traded at C$2.34, with a volume of 69190 shares traded. The stock had previously closed at C$1.92.

Lavras Gold Stock Up 22.4 %

The company has a quick ratio of 11.12, a current ratio of 10.09 and a debt-to-equity ratio of 0.72. The company has a market cap of C$120.67 million, a price-to-earnings ratio of -47.20 and a beta of -0.10. The business has a 50-day simple moving average of C$1.66 and a two-hundred day simple moving average of C$1.33.

Insider Activity

In other news, Director Rostislav Christov Raykov bought 200,000 shares of the firm’s stock in a transaction that occurred on Tuesday, April 9th. The shares were acquired at an average cost of C$1.61 per share, with a total value of C$322,000.00. In related news, Director Lawrence Lepard acquired 35,000 shares of the company’s stock in a transaction on Monday, June 24th. The stock was purchased at an average cost of C$1.86 per share, for a total transaction of C$64,935.50. Also, Director Rostislav Christov Raykov bought 200,000 shares of Lavras Gold stock in a transaction dated Tuesday, April 9th. The stock was purchased at an average price of C$1.61 per share, for a total transaction of C$322,000.00. Over the last three months, insiders acquired 502,800 shares of company stock valued at $800,760. 42.78% of the stock is owned by company insiders.

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.