Insider Selling: Lavras Gold Corp. (CVE:LGC) Insider Sells 400,000 Shares of Stock

Lavras Gold Corp. (CVE:LGC) insider 2176423 Ontario Ltd. sold 400,000 shares of the stock in a transaction dated Friday, October 18th. The stock was sold at an average price of C$2.55, for a total transaction of C$1,020,000.00.

2176423 Ontario Ltd. also recently made the following trade(s):

• On Wednesday, October 16th, 2176423 Ontario Ltd. sold 200,000 shares of Lavras Gold stock. The stock was sold at an average price of C$2.60, for a total transaction of C$519,240.00.
• On Monday, September 23rd, 2176423 Ontario Ltd. sold 39,300 shares of Lavras Gold stock. The shares were sold at an average price of C$0.27, for a total transaction of C$10,469.52.
• On Thursday, September 12th, 2176423 Ontario Ltd. sold 52,600 shares of Lavras Gold stock. The stock was sold at an average price of C$2.62, for a total value of C$137,564.78.
• On Tuesday, September 3rd, 2176423 Ontario Ltd. sold 33,600 shares of Lavras Gold stock. The shares were sold at an average price of C$2.62, for a total value of C$87,984.96.
• On Tuesday, August 20th, 2176423 Ontario Ltd. sold 44,500 shares of Lavras Gold stock. The stock was sold at an average price of C$2.56, for a total value of C$114,035.70.

Lavras Gold Stock Down 1.9 %

Shares of LGC traded down C$0.05 during trading hours on Tuesday, hitting C$2.58. The company had a trading volume of 1,240 shares, compared to its average volume of 62,279. The stock has a market capitalization of C$132.48 million, a price-to-earnings ratio of -36.86 and a beta of -0.26. The firm has a fifty day moving average price of C$2.52 and a 200-day moving average price of C$2.02. Lavras Gold Corp. has a 52-week low of C$0.75 and a 52-week high of C$2.89. The company has a debt-to-equity ratio of 0.66, a quick ratio of 11.12 and a current ratio of 7.38.

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.