Liberty Gold (TSE:LGD) Stock Jumps 1.6% - Here's Why

Key Points

• Liberty Gold shares rose 1.6% to C$1.91 in mid-day trading, with about 1.41 million shares changing hands—12% below average volume.
• Ventum Capital initiated or reiterated a Buy rating with a C$4.30 price target, significantly above the current share price; MarketBeat reports one analyst covering the stock with a Buy rating.
• Insider Jonathan Mark Gilligan sold 745,000 shares for approximately C$1.50 million, reducing his direct holdings by 19.59%. Liberty Gold is advancing its Black Pine oxide-gold project in Idaho through feasibility and permitting.

Liberty Gold Corp. (TSE:LGD - Get Free Report) shares traded up 1.6% during mid-day trading on Monday. The company traded as high as C$1.94 and last traded at C$1.91. 1,410,694 shares traded hands during trading, a decline of 12% from the average daily volume of 1,595,948 shares. The stock had previously closed at C$1.88.

Wall Street Analyst Weigh In

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

Liberty Gold Stock Up 1.6%

The business's fifty day moving average is C$1.99 and its two-hundred day moving average is C$1.53. The company has a market cap of C$1.05 billion, a P/E ratio of 95.50 and a beta of 3.75. The company has a debt-to-equity ratio of 0.69, a quick ratio of 8.13 and a current ratio of 8.63.

Liberty Gold (TSE:LGD - Get Free Report) last issued its earnings results on Wednesday, August 12th. The company reported C$0.10 EPS for the quarter. Equities analysts predict that Liberty Gold Corp. will post -0.09 EPS for the current year.

Insider Transactions at Liberty Gold

In other Liberty Gold news, insider Jonathan Mark Gilligan sold 745,000 shares of the firm's stock in a transaction on Wednesday, September 16th. The stock was sold at an average price of C$2.01, for a total transaction of C$1,497,450.00. Following the transaction, the insider directly owned 3,057,538 shares in the company, valued at C$6,145,651.38. This trade represents a 19.59% decrease in their position. 3.18% of the stock is currently owned by company insiders.

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.

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