Liberty Gold (TSE:LGD) Shares Cross Above Fifty Day Moving Average – Time to Sell?

Shares of Liberty Gold Corp. (TSE:LGD) crossed above its 50-day moving average during trading on Wednesday. The stock has a 50-day moving average of C$2.00 and traded as high as C$2.11. Liberty Gold shares last traded at C$2.09, with a volume of 3,023,817 shares changing hands.

Wall Street Analysts Forecast Growth

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

Liberty Gold Price Performance

The company has a quick ratio of 8.13, a current ratio of 8.63 and a debt-to-equity ratio of 0.69. The company has a market cap of C$1.15 billion, a price-to-earnings ratio of 104.50 and a beta of 3.75. The stock’s 50-day simple moving average is C$2.00 and its 200 day simple moving average is C$1.56.

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

Insider Activity at Liberty Gold

In other news, insider Jonathan Mark Gilligan sold 530,000 shares of Liberty Gold stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of C$2.09, for a total value of C$1,107,700.00. Following the completion of the transaction, the insider owned 2,527,538 shares in the company, valued at approximately C$5,282,554.42. This trade represents a 17.33% decrease in their position. Also, insider Tyler Cole sold 81,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 28th. The stock was sold at an average price of C$2.04, for a total transaction of C$165,240.00. Following the sale, the insider owned 39,000 shares in the company, valued at C$79,560. The trade was a 67.50% decrease in their ownership of the stock. Over the last ninety days, insiders have sold 1,356,000 shares of company stock worth $2,770,390. 3.18% of the stock is owned by 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.