Liberty Gold (TSE:LGD) Announces Earnings Results

Liberty Gold (TSE:LGD) released its quarterly earnings data on Friday. The company reported C($0.03) EPS for the quarter, FiscalAI reports.

Liberty Gold Trading Up 2.0%

LGD opened at C$2.09 on Friday. Liberty Gold has a 12 month low of C$0.68 and a 12 month high of C$2.30. The stock has a 50-day moving average of C$2.00 and a 200 day moving average of C$1.58. The firm has a market cap of C$1.15 billion, a P/E ratio of 104.50 and a beta of 3.74. The company has a current ratio of 8.63, a quick ratio of 8.13 and a debt-to-equity ratio of 0.69.

Analysts Set New Price Targets

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

Insider Activity

In related news, insider Jonathan Mark Gilligan sold 745,000 shares of the stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of C$2.01, for a total value of C$1,497,450.00. Following the completion of the sale, the insider directly owned 3,057,538 shares in the company, valued at approximately C$6,145,651.38. This represents a 19.59% decrease in their position. Also, insider Tyler Cole sold 81,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 28th. The stock was sold at an average price of C$2.04, for a total value of C$165,240.00. Following the completion of the sale, the insider owned 39,000 shares of the company’s stock, valued at C$79,560. This represents a 67.50% decrease in their position. Insiders have sold 1,356,000 shares of company stock valued at $2,770,390 over the last three months. 3.18% of the stock is currently owned by corporate insiders.

About Liberty Gold

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.