Liberty Gold (TSE:LGD) Stock Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Liberty Gold Corp. (TSE:LGD)’s share price crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of C$2.00 and traded as high as C$2.11. Liberty Gold shares last traded at C$2.09, with a volume of 3,023,817 shares traded.

Analyst Ratings Changes

Separately, Ventum Capital set a C$4.30 price target on Liberty Gold and gave the company a “buy” rating in a research note on Monday, September 21st. One investment analyst has rated the stock with a Buy rating. According to MarketBeat.com, Liberty Gold currently has a consensus rating of “Buy” and an average price target of C$4.30.

Liberty Gold Stock Up 6.6%

The firm’s 50-day moving average price is C$2.00 and its two-hundred day moving average price is C$1.56. The company has a debt-to-equity ratio of 0.69, a quick ratio of 8.13 and a current ratio of 8.63. The firm has a market cap of C$1.15 billion, a PE ratio of 104.50 and a beta of 3.75.

Liberty Gold (TSE:LGD) last announced its quarterly earnings results 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 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Jonathan Mark Gilligan sold 745,000 shares of the stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of C$2.01, for a total transaction of C$1,497,450.00. Following the completion of the sale, the insider owned 3,057,538 shares in the company, valued at approximately C$6,145,651.38. This represents a 19.59% decrease in their ownership of the stock. Also, insider Tyler Cole sold 81,000 shares of the business’s stock in a transaction dated Wednesday, October 28th. The shares were sold at an average price of C$2.04, for a total value of C$165,240.00. Following the completion of the transaction, the insider owned 39,000 shares in the company, valued at C$79,560. This trade represents a 67.50% decrease in their position. Over the last 90 days, insiders have sold 1,356,000 shares of company stock worth $2,770,390. Insiders own 3.18% of the company’s stock.

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.