Liberty Gold (TSE:LGD) Stock Price Down 5.4% - Here's Why

Key Points

• Liberty Gold Corp. experienced a stock price decline of 5.4%, closing at C$0.35 on Tuesday with increased trading volume.
• Analysts have raised the stock to a "strong-buy" rating, indicating a positive outlook for Liberty Gold despite the recent price drop.
• The company has a market capitalization of C$97.05 million and operates in the exploration of gold and other precious metals in Canada, the USA, and Turkey.

Liberty Gold Corp. (TSE:LGD - Get Free Report)'s share price was down 5.4% on Tuesday . The company traded as low as C$0.35 and last traded at C$0.35. Approximately 436,593 shares changed hands during mid-day trading, an increase of 17% from the average daily volume of 373,609 shares. The stock had previously closed at C$0.37.

Wall Street Analyst Weigh In

Separately, Ventum Cap Mkts upgraded Liberty Gold to a "strong-buy" rating in a research note on Friday, May 23rd. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat, the stock has a consensus rating of "Strong Buy".

Liberty Gold Price Performance

The company has a 50 day moving average price of C$0.34 and a 200 day moving average price of C$0.33. The firm has a market cap of C$106.75 million, a PE ratio of -5.64 and a beta of 1.49. The company has a current ratio of 3.75, a quick ratio of 8.13 and a debt-to-equity ratio of 0.04.

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.