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

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

Analyst Upgrades and Downgrades

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

Liberty Gold Stock Down 1.5 %

The firm has a 50-day moving average of C$0.36 and a two-hundred day moving average of C$0.36. The firm has a market cap of C$127.57 million, a price-to-earnings ratio of -4.79 and a beta of 1.49. The company has a current ratio of 4.91, a quick ratio of 8.13 and a debt-to-equity ratio of 0.12.

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