Liberty Gold (TSE:LGD) Insider Sells C$1,497,450.00 in Stock

Key Points

• Liberty Gold insider Jonathan Mark Gilligan sold 745,000 shares at an average C$2.01, generating C$1.50 million. He retained 3,057,538 shares, a 19.59% reduction in his direct ownership, and subsequently sold another 530,000 shares for C$1.11 million.
• Liberty Gold shares rose 2.8% to C$2.21, near their 52-week high of C$2.25. The company has a C$1.21 billion market capitalization and reported quarterly earnings of C$0.10 per share.
• Analyst sentiment remains positive: Ventum Capital assigned a “Buy” rating and a C$4.30 price target, matching the stock’s current consensus target.

Liberty Gold Corp. (TSE:LGD - Get Free Report) insider Jonathan Mark Gilligan sold 745,000 shares of Liberty Gold stock in a transaction on Wednesday, September 16th. The stock was 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 directly owned 3,057,538 shares in the company, valued at C$6,145,651.38. This represents a 19.59% decrease in their ownership of the stock.

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

• On Thursday, September 17th, Jonathan Mark Gilligan sold 530,000 shares of Liberty Gold stock. The stock was sold at an average price of C$2.09, for a total value of C$1,107,700.00.

Liberty Gold Stock Up 2.8%

Shares of LGD traded up C$0.06 during midday trading on Monday, hitting C$2.21. 1,685,770 shares of the company's stock traded hands, compared to its average volume of 1,566,980. The company has a current ratio of 8.63, a quick ratio of 8.13 and a debt-to-equity ratio of 0.69. The stock has a market capitalization of C$1.21 billion, a price-to-earnings ratio of 110.50 and a beta of 4.08. Liberty Gold Corp. has a 1 year low of C$0.58 and a 1 year high of C$2.25. The firm's fifty day moving average is C$1.74 and its 200-day moving average is C$1.52.

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

Analyst Upgrades and Downgrades

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