Insider Selling: Lavras Gold Corp. (CVE:LGC) Insider Sells 800,000 Shares of Stock

Lavras Gold Corp. (CVE:LGC) insider 2176423 Ontario Ltd. sold 800,000 shares of the stock in a transaction on Monday, March 31st. The stock was sold at an average price of C$2.05, for a total value of C$1,640,000.00.

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

• On Wednesday, March 26th, 2176423 Ontario Ltd. sold 200,000 shares of Lavras Gold stock. The stock was sold at an average price of C$2.06, for a total transaction of C$412,000.00.
• On Friday, January 24th, 2176423 Ontario Ltd. sold 16,100 shares of Lavras Gold stock. The shares were sold at an average price of C$2.50, for a total transaction of C$40,250.00.

Lavras Gold Stock Performance

CVE LGC traded down C$0.04 during trading hours on Thursday, hitting C$2.00. 11,550 shares of the stock were exchanged, compared to its average volume of 55,094. The company has a quick ratio of 11.12, a current ratio of 4.11 and a debt-to-equity ratio of 0.60. The company has a market cap of C$102.73 million, a price-to-earnings ratio of -31.32 and a beta of -0.26. Lavras Gold Corp. has a 12-month low of C$1.36 and a 12-month high of C$2.89. The stock has a 50-day moving average of C$2.19 and a 200 day moving average of C$2.34.

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.