Liberty Gold (TSE:LGD) Trading Down 1.7% – What’s Next?

Liberty Gold Corp. (TSE:LGD) shares traded down 1.7% during mid-day trading on Tuesday . The company traded as low as C$0.30 and last traded at C$0.30. 215,158 shares were traded during trading, a decline of 41% from the average session volume of 363,315 shares. The stock had previously closed at C$0.30.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group boosted their price target on shares of Liberty Gold from C$2.50 to C$3.25 in a report on Tuesday, July 23rd.

Liberty Gold Trading Down 1.7 %

The stock has a 50 day simple moving average of C$0.35 and a 200-day simple moving average of C$0.36. The firm has a market capitalization of C$112.34 million, a P/E ratio of -4.21 and a beta of 1.49. The company has a current ratio of 4.91, a quick ratio of 8.13 and a debt-to-equity ratio of 0.12.

Liberty Gold (TSE:LGD) last posted its quarterly earnings results on Monday, August 12th. The company reported C($0.01) earnings per share for the quarter. On average, equities research analysts forecast that Liberty Gold Corp. will post -0.09 EPS for the current fiscal year.

Insider Activity at Liberty Gold

In other news, Senior Officer Calvin Clovis Everett purchased 100,000 shares of the company’s stock in a transaction dated Tuesday, October 22nd. The shares were acquired at an average price of C$0.37 per share, with a total value of C$37,000.00. 3.18% of the stock is currently owned by insiders.

About Liberty Gold

Liberty Gold Corp. engages in the acquisition, exploration, and development of mineral properties primarily in the United States and Türkiye. The company primarily explores for gold, as well as silver, lead, zinc, copper, and other precious and base metals. It holds interest in the Black Pine project located in Cassia County, southern Idaho; the Goldstrike project located in Washington County, southwest Utah; and the TV Tower gold-silver-copper property located in northwestern Türkiye.