Liberty Gold (TSE:LGD) Reaches New 1-Year High - Still a Buy?

Key Points

• Liberty Gold Corp. has reached a new 52-week high, trading at C$0.61, with a last trade at C$0.58 and a volume of over 1.7 million shares.
• Analysts have a favorable outlook for the stock, with Ventum Cap Mkts upgrading it to a "strong-buy" rating, contributing to an overall average rating of "Strong Buy."
• The company, focused on exploring precious and base metals, has a market capitalization of C$273.13 million and maintains a healthy debt-to-equity ratio of 0.04.

Liberty Gold Corp. (TSE:LGD - Get Free Report)'s share price reached a new 52-week high during trading on Monday . The stock traded as high as C$0.61 and last traded at C$0.58, with a volume of 1711852 shares changing hands. The stock had previously closed at C$0.53.

Analyst Ratings Changes

Separately, Ventum Cap Mkts raised Liberty Gold to a "strong-buy" rating in a report on Friday, May 23rd. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, Liberty Gold presently has a consensus rating of "Strong Buy".

Liberty Gold Stock Performance

The company has a current ratio of 3.75, a quick ratio of 8.13 and a debt-to-equity ratio of 0.04. The stock has a fifty day moving average price of C$0.40 and a 200-day moving average price of C$0.35. The firm has a market capitalization of C$277.68 million, a price-to-earnings ratio of -12.20 and a beta of 1.62.

About Liberty Gold

Liberty Gold Corp is an exploration stage company. It operates in the business segment of exploration for gold, copper and other precious and base metals. The company has operations in the geographic locations of Canada, the USA and Turkey. Its projects include the Black Pine project, Goldstrike, TV Tower and others.