Lavras Gold (CVE:LGC) Hits New 1-Year High Following Insider Buying Activity

Lavras Gold Corp. (CVE:LGC) shares reached a new 52-week high during mid-day trading on Thursday after an insider bought additional shares in the company. The stock traded as high as C$2.07 and last traded at C$1.95, with a volume of 9106 shares. The stock had previously closed at C$2.07.

Specifically, Director Rostislav Christov Raykov purchased 50,000 shares of the firm’s stock in a transaction on Tuesday, April 16th. The shares were acquired at an average cost of C$1.52 per share, with a total value of C$76,000.00. In other news, Director Lawrence Lepard acquired 35,000 shares of the business’s stock in a transaction dated Monday, June 24th. The stock was purchased at an average price of C$1.86 per share, for a total transaction of C$64,935.50. Also, Director Rostislav Christov Raykov purchased 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, April 16th. The stock was bought at an average price of C$1.52 per share, with a total value of C$76,000.00. Insiders have acquired a total of 502,800 shares of company stock valued at $800,760 over the last ninety days. 42.78% of the stock is currently owned by company insiders.

Lavras Gold Stock Down 5.8 %

The company has a market cap of C$100.13 million, a P/E ratio of -39.00 and a beta of -0.10. 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 business’s 50 day moving average is C$1.61 and its 200 day moving average is C$1.28.

Lavras Gold Company Profile

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.