Liberty Gold (TSE:LGD) Trading Up 2.7% - Should You Buy?

Key Points

• The stock price of Liberty Gold Corp (TSE:LGD) rose by 2.7% to C$0.38 during mid-day trading on Wednesday, despite a decrease in trading volume.
• Ventum Capital Markets has upgraded Liberty Gold to a "strong-buy" rating, aligning with an average market rating of "Strong Buy" for the stock.
• Liberty Gold operates in gold and metal exploration with a market cap of C$105.36 million, and financial metrics indicating a low debt-to-equity ratio of 0.04.

Liberty Gold Corp. (TSE:LGD - Get Free Report) traded up 2.7% on Wednesday . The company traded as high as C$0.38 and last traded at C$0.38. 351,205 shares traded hands during mid-day trading, a decline of 7% from the average session volume of 377,097 shares. The stock had previously closed at C$0.37.

Wall Street Analysts Forecast Growth

Separately, Ventum Cap Mkts raised shares of 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, Based on data from MarketBeat, the stock currently has an average rating of "Strong Buy".

Liberty Gold Stock Performance

The stock has a market capitalization of C$225.33 million, a price-to-earnings ratio of -9.90 and a beta of 1.37. 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's 50 day moving average is C$0.35 and its two-hundred day moving average is C$0.33.

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.