Liberty Gold (TSE:LGD) Shares Down 1.7% – Here’s Why

Liberty Gold Corp. (TSE:LGD) shares fell 1.7% during 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.

Wall Street Analyst Weigh In

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

Liberty Gold Stock Performance

The company has a debt-to-equity ratio of 0.12, a current ratio of 4.91 and a quick ratio of 8.13. The firm has a market capitalization of C$116.15 million, a price-to-earnings ratio of -4.36 and a beta of 1.49. The firm’s fifty day moving average is C$0.35 and its 200 day moving average is C$0.36.

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

Insider Buying and Selling at Liberty Gold

In related news, Senior Officer Calvin Clovis Everett bought 100,000 shares of Liberty Gold stock in a transaction that occurred on Tuesday, October 22nd. The stock was purchased at an average cost of C$0.37 per share, for a total transaction of C$37,000.00. Corporate insiders own 3.18% of the company’s stock.

Liberty Gold Company Profile

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.