Liberty Gold (TSE:LGD) Stock Breaks Above 50 Day Moving Average - What's Next?

Key Points

• Liberty Gold shares broke above their 50-day moving average, reaching C$2.05 before closing at C$2.03, up 6.3% with approximately 2.7 million shares traded.
• Ventum Capital maintained a Buy rating and set a C$4.30 price target; MarketBeat reports a consensus Buy rating and the same target.
• Insider Jonathan Mark Gilligan sold 745,000 shares for approximately C$1.50 million, reducing his holdings by 19.59%; company insiders collectively own 3.18% of the stock.

Liberty Gold Corp. (TSE:LGD - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of C$1.99 and traded as high as C$2.05. Liberty Gold shares last traded at C$2.03, with a volume of 2,735,821 shares changing hands.

Wall Street Analyst Weigh In

Separately, Ventum Capital set a C$4.30 price target on Liberty Gold and gave the company a "buy" rating in a research report on Monday, September 21st. One equities research analyst has rated the stock with a Buy rating. According to MarketBeat, the company currently has a consensus rating of "Buy" and a consensus target price of C$4.30.

Liberty Gold Stock Up 6.3%

The company's 50 day moving average price is C$1.99 and its two-hundred day moving average price is C$1.53. The firm has a market cap of C$1.11 billion, a PE ratio of 101.50 and a beta of 3.75. The company has a current ratio of 8.63, a quick ratio of 8.13 and a debt-to-equity ratio of 0.69.

Liberty Gold (TSE:LGD - Get Free Report) last posted its quarterly earnings data on Wednesday, August 12th. The company reported C$0.10 EPS for the quarter. On average, equities research analysts expect that Liberty Gold Corp. will post -0.09 EPS for the current fiscal year.

Insider Activity at Liberty Gold

In related news, insider Jonathan Mark Gilligan sold 745,000 shares of the company's stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of C$2.01, for a total transaction of C$1,497,450.00. Following the completion of the transaction, the insider owned 3,057,538 shares in the company, valued at approximately C$6,145,651.38. This represents a 19.59% decrease in their ownership of the stock. Company insiders own 3.18% of the company's stock.

Liberty Gold Company Profile

Liberty Gold is a U.S.-focused gold company advancing Black Pine, its 100% owned oxide gold project in Idaho, located within the Great Basin, one of the world's most productive and mining-friendly gold regions. Black Pine is a large-scale, past-producing, run-of-mine heap leachable gold deposit progressing through feasibility and permitting toward a modern open-pit mining operation. The Company's strategy is centered on advancing high-quality, long-life gold assets, with a clear focus on technical simplicity, strong environmental performance, project executability, collaborative permitting processes, and value creation.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.