Liberty Gold (TSE:LGD) Releases Earnings Results

Liberty Gold (TSE:LGD) issued its earnings results on Friday. The company reported C($0.03) earnings per share for the quarter, FiscalAI reports.

Liberty Gold Price Performance

TSE:LGD opened at C$2.09 on Friday. The company has a current ratio of 8.63, a quick ratio of 8.13 and a debt-to-equity ratio of 0.69. The company has a market capitalization of C$1.15 billion, a P/E ratio of 104.50 and a beta of 3.74. Liberty Gold has a 12 month low of C$0.68 and a 12 month high of C$2.30. The business’s 50-day moving average is C$2.00 and its 200 day moving average is C$1.58.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other Liberty Gold news, insider Jonathan Mark Gilligan sold 745,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the insider 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. Also, insider Tyler Cole sold 81,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 28th. The shares were sold at an average price of C$2.04, for a total value of C$165,240.00. Following the transaction, the insider owned 39,000 shares of the company’s stock, valued at C$79,560. This represents a 67.50% decrease in their position. Over the last three months, insiders have sold 1,356,000 shares of company stock valued at $2,770,390. 3.18% of the stock is owned by corporate insiders.

About Liberty Gold

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.