Liberty Gold (TSE:LGD) Stock Price Up 1.6% – Here’s What Happened

Shares of Liberty Gold Corp. (TSE:LGD) shot up 1.6% on Monday. The stock traded as high as C$1.94 and last traded at C$1.91. 1,410,694 shares traded hands during mid-day trading, a decline of 12% from the average daily volume of 1,595,948 shares. The stock had previously closed at C$1.88.

Analyst Upgrades and Downgrades

Separately, Ventum Capital set a C$4.30 price objective on shares of Liberty Gold and gave the stock a “buy” rating in a research note on Monday, September 21st. One research analyst has rated the stock with a Buy rating. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of C$4.30.

Liberty Gold Trading Up 1.6%

The stock has a market capitalization of C$1.05 billion, a P/E ratio of 95.50 and a beta of 3.75. The stock’s 50 day moving average price is C$1.99 and its 200-day moving average price is C$1.53. The company has a quick ratio of 8.13, a current ratio of 8.63 and a debt-to-equity ratio of 0.69.

Liberty Gold (TSE:LGD) last issued its quarterly earnings data on Wednesday, August 12th. The company reported C$0.10 EPS for the quarter. As a group, equities research analysts expect that Liberty Gold Corp. will post -0.09 earnings per share for the current year.

Insider Buying and Selling at Liberty Gold

In related news, insider Jonathan Mark Gilligan sold 530,000 shares of the company’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of C$2.09, for a total transaction of C$1,107,700.00. Following the completion of the sale, the insider directly owned 2,527,538 shares in the company, valued at C$5,282,554.42. This represents a 17.33% decrease in their position. 3.18% of the stock is owned by company insiders.

Liberty Gold Company Profile

Liberty Gold is a U.S.-focused gold company advancing Black Pine, its 100% owned oxide gold project in Idaho, located within the Great Basin, one of the world’s most productive and mining-friendly gold regions. Black Pine is a large-scale, past-producing, run-of-mine heap leachable gold deposit progressing through feasibility and permitting toward a modern open-pit mining operation. The Company’s strategy is centered on advancing high-quality, long-life gold assets, with a clear focus on technical simplicity, strong environmental performance, project executability, collaborative permitting processes, and value creation.