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Liberty Gold (TSE:LGD) Trading Up 14.5% - Should You Buy?

Liberty Gold logo with Basic Materials background

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.
  • Need better tools to track Liberty Gold? Try 5 Weeks of MarketBeat All Access for $5. Start Portfolio Tracking Now.

Liberty Gold Corp. (TSE:LGD - Get Free Report) was up 14.5% on Thursday . The company traded as high as C$0.46 and last traded at C$0.44. Approximately 3,345,751 shares traded hands 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 shares of Liberty Gold to a "strong-buy" rating in a report on Friday, May 23rd. One analyst has rated the stock with a Strong Buy rating, According to MarketBeat, Liberty Gold presently has an average rating of "Strong Buy".

Get Our Latest Stock Report on LGD

Liberty Gold Stock Up 14.5%

The company has a market capitalization of C$120.61 million, a price-to-earnings ratio of -6.37 and a beta of 1.49. The firm's 50 day moving average price is C$0.35 and its two-hundred day moving average price is C$0.33. 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

(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.

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