Liberty Gold (TSE:LGD) Shares Cross Below 50 Day Moving Average of $0.37

Liberty Gold Corp. (TSE:LGD) shares crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$0.37 and traded as low as C$0.35. Liberty Gold shares last traded at C$0.35, with a volume of 976,861 shares traded.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group increased their price target on shares of Liberty Gold from C$2.50 to C$3.25 in a research report on Tuesday, July 23rd.

Liberty Gold Price Performance

The firm’s 50 day simple moving average is C$0.37 and its two-hundred day simple moving average is C$0.35. The company has a debt-to-equity ratio of 0.12, a current ratio of 4.91 and a quick ratio of 8.13. The firm has a market capitalization of C$135.19 million, a P/E ratio of -4.93 and a beta of 1.51.

Liberty Gold (TSE:LGD) last released its earnings results on Monday, August 12th. The company reported C($0.01) earnings per share for the quarter. As a group, analysts predict that Liberty Gold Corp. will post -0.09 earnings per share for the current year.

Liberty Gold Company Profile

Liberty Gold Corp. engages in the acquisition, exploration, and development of mineral properties primarily in the United States and Türkiye. The company primarily explores for gold, as well as silver, lead, zinc, copper, and other precious and base metals. It holds interest in the Black Pine project located in Cassia County, southern Idaho; the Goldstrike project located in Washington County, southwest Utah; and the TV Tower gold-silver-copper property located in northwestern Türkiye.