Liberty Gold (TSE:LGD) Insider Sells 745,000 Shares

Liberty Gold Corp. (TSE:LGD) insider Jonathan Mark Gilligan sold 745,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of C$2.01, for a total value of C$1,497,450.00. Following the completion of the sale, 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 position.

Jonathan Mark Gilligan also recently made the following trade(s):

• On Thursday, September 17th, Jonathan Mark Gilligan sold 530,000 shares of Liberty Gold stock. The stock was sold at an average price of C$2.09, for a total transaction of C$1,107,700.00.

Liberty Gold Stock Performance

LGD traded up C$0.06 during trading on Monday, reaching C$2.21. 1,685,770 shares of the company’s stock were exchanged, compared to its average volume of 1,566,980. Liberty Gold Corp. has a 1 year low of C$0.58 and a 1 year high of C$2.25. The company has a debt-to-equity ratio of 0.69, a current ratio of 8.63 and a quick ratio of 8.13. The stock has a market capitalization of C$1.21 billion, a P/E ratio of 110.50 and a beta of 4.08. The company’s fifty day simple moving average is C$1.74 and its 200-day simple moving average is C$1.52.

Liberty Gold (TSE:LGD) last released its quarterly earnings data on Wednesday, August 12th. The company reported C$0.10 EPS for the quarter. As a group, research analysts predict that Liberty Gold Corp. will post -0.09 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Ventum Capital set a C$4.30 price target on Liberty Gold and gave the stock a “buy” rating in a research report on Monday. One equities research 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.

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.