Lavras Gold (CVE:LGC) Reaches New 12-Month High Following Insider Buying Activity

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

Specifically, Director Rostislav Christov Raykov purchased 200,000 shares of Lavras Gold stock in a transaction that occurred on Tuesday, April 9th. The shares were acquired at an average price of C$1.61 per share, for a total transaction of C$322,000.00. In other Lavras Gold news, Director Rostislav Christov Raykov bought 200,000 shares of the business’s stock in a transaction on Tuesday, April 9th. The shares were bought at an average cost of C$1.61 per share, for a total transaction of C$322,000.00. Also, Director Lawrence Lepard bought 35,000 shares of the business’s stock in a transaction on Monday, June 24th. The shares were acquired at an average price of C$1.86 per share, for a total transaction of C$64,935.50. Insiders have purchased a total of 502,800 shares of company stock worth $800,760 in the last 90 days. Corporate insiders own 42.78% of the company’s stock.

Lavras Gold Stock Down 4.8 %

The firm has a market capitalization of C$101.16 million, a price-to-earnings ratio of -39.40 and a beta of -0.10. The business’s 50-day moving average is C$1.62 and its two-hundred day moving average is C$1.29. The company has a debt-to-equity ratio of 0.72, a quick ratio of 11.12 and a current ratio of 10.09.

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.