Liberty Gold (TSE:LGD) Trading Down 8.3% – Should You Sell?

Shares of Liberty Gold Corp. (TSE:LGD) dropped 8.3% during trading on Tuesday . The stock traded as low as C$0.33 and last traded at C$0.33. Approximately 143,464 shares were traded during mid-day trading, a decline of 59% from the average daily volume of 348,017 shares. The stock had previously closed at C$0.36.

Analysts Set New Price Targets

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

Liberty Gold Stock Performance

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 cap of C$127.57 million, a P/E ratio of -4.79 and a beta of 1.49. The stock’s 50 day moving average is C$0.36 and its two-hundred day moving average is C$0.36.

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