Liberty Gold (TSE:LGD) Shares Up 14.5% - Here's Why

Key Points

• Liberty Gold Corp. saw a significant trading increase of 14.5%, reaching a last trade price of C$0.44, with trading volume up 747% compared to its average daily volume.
• Wall Street analysts have upgraded Liberty Gold to a "strong-buy" rating, indicating positive expectations for the company's growth.
• The company is currently in the exploration stage for gold and other precious metals, with operations in Canada, the USA, and Turkey.

Liberty Gold Corp. (TSE:LGD - Get Free Report)'s share price was up 14.5% during mid-day trading on Thursday . The stock traded as high as C$0.46 and last traded at C$0.44. Approximately 3,345,751 shares were traded during trading, an increase of 747% from the average daily volume of 395,089 shares. The stock had previously closed at C$0.38.

Wall Street Analysts Forecast Growth

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

Liberty Gold Trading Up 5.1%

The stock has a market capitalization of C$236.71 million, a price-to-earnings ratio of -10.40 and a beta of 1.37. The company has a debt-to-equity ratio of 0.04, a quick ratio of 8.13 and a current ratio of 3.75. The business has a fifty day simple moving average of C$0.36 and a 200 day simple moving average of 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.