Liberty Gold Rebounds From All-Time Low (LBGO)

Liberty Gold (OTC: LBGO) rebounded a solid 10.6% in today’s trading session, to a share price of $0.94. The stock closed at $0.85 yesterday, which was the stock’s historical low price.

Liberty Gold rose and fell quickly when the market opened today, and stayed at its previous close low price of $0.85 for most of the day. The stock saw a quick rebound near the end of the trading day and closed at $0.94.

Investors might not be seeing the quick rebound potential of Liberty Gold today, as volume of the stock fell way below its average, down at 14,238 shares. Also, Liberty Gold has been somewhat volatile this year. Despite today’s rebound, the stock has a total loss of 14.55% in share price from New Year’s Day.

Here are some recent headlines for Liberty Gold:

  • On June 19th, 2012, Liberty Gold announced has entered into a $15M financing agreement, as of October 11, 2011, with institutional investor American Gold Holdings for the purpose of advancing the Company’s gold exploration activities.
  • On June 15th, 2012, Liberty Gold announced it has acquired a 60% interest in the 2,218-acre McCord Creek Property gold project in central Alaska’s Tolovana Mining District. Liberty Gold will be the project’s operator.
  • On April 20th, 2012, the Registrant executed a letter agreement with Endurance Gold Corporation and Endurance Resources with respect to the Registrant acquiring a conditional option to acquire a 60% joint venture interest in 14 State of Alaska mineral claims consisting of a total of approximately 2,218 acres inclusive in the Livengood Area of Alaska.

Liberty Gold was incorporated on April 11, 2006. It was formerly known as iBOS. Liberty Gold is a gold and precious metals exploration company. Liberty Gold focuses on exploration and production of precious metal resources.

The Company’s projects include the Domestic Portfolio in Arizona, the Moneyrock Property in Alaska and the Monte del Favor Property in Mexico.

The Arizona project represents estimated resources of 9.71 million gold equivalent ounces. The Alaska project is surrounded by gold projects and production, including the Pogo mine, Kinross Gold’d Fort Knox mine and the Tintina Gold Belt.

The Mexico project represents an estimated 17 million tons of ore at 0.027 oz/t gold and 7.21 oz/t silver, calculated at 4.21 million ounces of gold equivalent resources.

 

 

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Published by Fiona Gibson

Fiona is a finance graduate and an expert in analyzing market trends.