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

Liberty Gold Corp. (TSE:LGD) traded down 1.7% during mid-day trading on Tuesday . The stock traded as low as C$0.30 and last traded at C$0.30. 215,158 shares traded hands during mid-day 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 Analysts Forecast Growth

Separately, Canaccord Genuity Group boosted 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 Price Performance

The company has a market cap of C$116.15 million, a P/E ratio of -4.36 and a beta of 1.49. 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 company has a debt-to-equity ratio of 0.12, a quick ratio of 8.13 and a current ratio of 4.91.

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 analysts expect that Liberty Gold Corp. will post -0.09 EPS for the current year.

Insider Activity

In other news, Senior Officer Calvin Clovis Everett bought 100,000 shares of the 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 owned by company 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.