Liberty Gold (TSE:LGD) Stock Breaks Above 50 Day Moving Average – What’s Next?

Liberty Gold Corp. (TSE:LGD)’s stock price crossed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of C$1.99 and traded as high as C$2.05. Liberty Gold shares last traded at C$2.03, with a volume of 2,735,821 shares changing hands.

Wall Street Analyst Weigh In

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

Liberty Gold Stock Up 6.3%

The company’s 50 day moving average price is C$1.99 and its two-hundred day moving average price is C$1.53. The firm has a market cap of C$1.11 billion, a PE ratio of 101.50 and a beta of 3.75. The company has a current ratio of 8.63, a quick ratio of 8.13 and a debt-to-equity ratio of 0.69.

Liberty Gold (TSE:LGD) last posted its quarterly earnings data on Wednesday, August 12th. The company reported C$0.10 EPS for the quarter. On average, equities research analysts expect that Liberty Gold Corp. will post -0.09 EPS for the current fiscal year.

Insider Activity at Liberty Gold

In related news, insider Jonathan Mark Gilligan sold 745,000 shares of the company’s stock in a transaction on 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 transaction, 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. Company insiders own 3.18% of the company’s stock.

Liberty Gold Company Profile

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.