Insider Selling: Liberty Gold (TSE:LGD) Insider Sells 530,000 Shares of Stock

Key Points

• Insider selling: Jonathan Mark Gilligan sold 530,000 Liberty Gold shares at an average C$2.09 for proceeds of C$1.11 million, reducing his direct ownership by 17.33%. He also sold 745,000 shares the previous day for C$1.50 million.
• Stock performance: Liberty Gold shares recently traded at C$2.21, near their 52-week high of C$2.25, with a market capitalization of approximately C$1.21 billion.
• Analyst outlook: Ventum Capital maintained a “Buy” rating and set a C$4.30 price target, matching the company’s current consensus target and average analyst rating.

Liberty Gold Corp. (TSE:LGD - Get Free Report) insider Jonathan Mark Gilligan sold 530,000 shares of the business's stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of C$2.09, for a total value of C$1,107,700.00. Following the completion of the sale, the insider directly owned 2,527,538 shares of the company's stock, valued at approximately C$5,282,554.42. This represents a 17.33% decrease in their ownership of the stock.

Jonathan Mark Gilligan also recently made the following trade(s):

• On Wednesday, September 16th, Jonathan Mark Gilligan sold 745,000 shares of Liberty Gold stock. The shares were sold at an average price of C$2.01, for a total value of C$1,497,450.00.

Liberty Gold Stock Performance

TSE:LGD traded up C$0.06 during trading hours on Monday, reaching C$2.21. 1,685,770 shares of the stock were exchanged, compared to its average volume of 1,566,980. The stock has a market capitalization of C$1.21 billion, a P/E ratio of 110.50 and a beta of 4.08. The firm has a 50 day simple moving average of C$1.74 and a 200-day simple moving average of C$1.52. The company has a quick ratio of 8.13, a current ratio of 8.63 and a debt-to-equity ratio of 0.69. Liberty Gold Corp. has a 52 week low of C$0.58 and a 52 week high of C$2.25.

Liberty Gold (TSE:LGD - Get Free Report) last issued its quarterly earnings results on Wednesday, August 12th. The company reported C$0.10 earnings per share for the quarter. As a group, sell-side analysts forecast that Liberty Gold Corp. will post -0.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Ventum Capital set a C$4.30 target price on shares of Liberty Gold and gave the company a "buy" rating in a research note on Monday. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Liberty Gold currently has an average rating of "Buy" and a consensus target price of C$4.30.

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.

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