Liberty Gold (TSE:LGD) Issues Quarterly Earnings Results

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

Liberty Gold Trading Up 2.0%

Shares of LGD traded up C$0.04 during mid-day trading on Friday, reaching C$2.09. The company had a trading volume of 2,421,073 shares, compared to its average volume of 1,668,291. Liberty Gold has a fifty-two week low of C$0.68 and a fifty-two week high of C$2.30. The firm has a fifty day simple moving average of C$2.00 and a 200-day simple moving average of C$1.57. The stock has a market cap of C$1.15 billion, a price-to-earnings ratio of 104.50 and a beta of 3.74. The company has a current ratio of 8.63, a quick ratio of 8.13 and a debt-to-equity ratio of 0.69.

Analyst Ratings Changes

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

Insiders Place Their Bets

In related news, insider Jonathan Mark Gilligan sold 530,000 shares of the stock in a transaction on 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 transaction, the insider directly owned 2,527,538 shares of the company’s stock, 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 stock in a transaction on Wednesday, October 28th. The stock was sold at an average price of C$2.04, for a total value of C$165,240.00. Following the completion of the transaction, the insider directly owned 39,000 shares in the company, valued at C$79,560. This trade represents a 67.50% decrease in their ownership of the stock. Over the last 90 days, insiders have sold 1,356,000 shares of company stock valued at $2,770,390. Insiders own 3.18% of the company’s stock.

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.