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Liberty Gold (TSE:LGD) Stock Price Up 2.7% - Still a Buy?

Liberty Gold logo with Basic Materials background

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.
  • Looking to export and analyze Liberty Gold data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

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

Analyst Upgrades and Downgrades

Separately, Ventum Cap Mkts raised Liberty Gold to a "strong-buy" rating in a research report on Friday, May 23rd. One research analyst has rated the stock with a Strong Buy rating, According to MarketBeat.com, the company currently has an average rating of "Strong Buy".

Get Our Latest Stock Analysis on LGD

Liberty Gold Stock Performance

The company has a market cap of C$105.36 million, a PE ratio of -5.57 and a beta of 1.49. The company has a quick ratio of 8.13, a current ratio of 3.75 and a debt-to-equity ratio of 0.04. The company has a 50-day moving average of C$0.35 and a 200-day moving average of C$0.33.

Liberty Gold Company Profile

(Get Free Report)

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.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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