Shares of Liberty Gold Corp (TSE:LGD) rose 7.6% on Thursday . The company traded as high as C$0.72 and last traded at C$0.71, approximately 317,125 shares traded hands during mid-day trading. An increase of 51% from the average daily volume of 209,561 shares. The stock had previously closed at C$0.66.
Separately, National Bank Financial set a C$0.90 price objective on Liberty Gold and gave the stock an “outperform” rating in a research note on Tuesday, August 20th.
The firm has a market cap of $130.82 million and a price-to-earnings ratio of -14.39. The company has a current ratio of 4.38, a quick ratio of 4.16 and a debt-to-equity ratio of 2.37. The company has a 50 day moving average of C$0.64 and a 200 day moving average of C$0.47.
Liberty Gold Corp., a gold discovery company, engages in the acquisition, exploration, and development of mineral properties primarily in the United States and Turkey. It explores for gold, silver, and copper ores. The company's flagship projects include Goldstrike, Black Pine, and Kinsley Mountain projects located in the Great Basin of the United States.
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