i-80 Gold (NYSE:IAUX) Hits New 1-Year High – Time to Buy?

i-80 Gold Corp. (NYSE:IAUX)’s share price reached a new 52-week high during mid-day trading on Monday . The company traded as high as $1.96 and last traded at $2.0050, with a volume of 1281420 shares trading hands. The stock had previously closed at $1.88.

i-80 Gold Stock Up 6.6%

The stock has a market capitalization of $1.66 billion, a price-to-earnings ratio of -5.57 and a beta of 1.18. The stock has a 50 day moving average price of $1.55 and a 200 day moving average price of $1.11. The company has a quick ratio of 0.22, a current ratio of 0.33 and a debt-to-equity ratio of 0.19.

Insiders Place Their Bets

In other news, Director John William Seaman acquired 30,000 shares of the firm’s stock in a transaction on Tuesday, November 25th. The stock was purchased at an average price of $1.03 per share, for a total transaction of $30,900.00. Following the purchase, the director owned 326,942 shares in the company, valued at approximately $336,750.26. This represents a 10.10% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In the last quarter, insiders acquired 55,000 shares of company stock worth $62,150. 2.08% of the stock is currently owned by company insiders.

Institutional Trading of i-80 Gold

Large investors have recently added to or reduced their stakes in the stock. Maia Wealth LLC purchased a new stake in shares of i-80 Gold in the second quarter worth $25,000. Cypress Wealth Services LLC bought a new stake in i-80 Gold during the 4th quarter worth approximately $25,000. Banco BTG Pactual S.A. bought a new position in shares of i-80 Gold in the second quarter worth about $25,000. Heck Capital Advisors LLC purchased a new position in shares of i-80 Gold in the third quarter worth $28,000. Finally, Sovereign Financial Group Inc. boosted its stake in i-80 Gold by 87.9% during the third quarter. Sovereign Financial Group Inc. now owns 31,245 shares of the company’s stock valued at $30,000 after buying an additional 14,618 shares during the last quarter. Institutional investors own 61.31% of the company’s stock.

About i-80 Gold

i-80 Gold Corp. is a Canadian-focused gold exploration, development and production company with a strategic emphasis on precious metal assets in the state of Nevada, USA. The company pursues a district-scale approach, seeking to consolidate under-explored gold belts and advance resource-stage projects toward commercial production. Its core objective is to build a balanced portfolio of operating and development assets that generate cash flow while supporting ongoing exploration.

The company’s flagship asset is the 100%-owned Ruby Hill complex in Humboldt County, Nevada, which encompasses multiple gold and silver deposits at various stages of technical study and permitting.