i-80 Gold (TSE:IAU) Trading Up 0.5% – What’s Next?

Shares of i-80 Gold Corp. (TSE:IAU) were up 0.5% on Tuesday . The company traded as high as C$2.07 and last traded at C$2.06. Approximately 973,435 shares were traded during trading, a decline of 45% from the average daily volume of 1,779,850 shares. The stock had previously closed at C$2.05.

i-80 Gold Stock Performance

The company has a current ratio of 9.46, a quick ratio of 1.57 and a debt-to-equity ratio of 146.48. The company’s 50-day moving average is C$2.10 and its two-hundred day moving average is C$2.23. The firm has a market cap of C$1.84 billion, a P/E ratio of -7.34 and a beta of 2.39.

i-80 Gold (TSE:IAU) last announced its quarterly earnings results on Wednesday, May 13th. The company reported C($0.04) earnings per share (EPS) for the quarter. i-80 Gold had a negative return on equity of 58.94% and a negative net margin of 166.31%.The company had revenue of C$72.84 million for the quarter. As a group, equities analysts predict that i-80 Gold Corp. will post 0.0264607 EPS for the current fiscal year.

Insider Activity at i-80 Gold

In related news, Director Steven Wayne Yopps purchased 50,000 shares of i-80 Gold stock in a transaction that occurred on Friday, May 15th. The stock was bought at an average price of C$2.02 per share, for a total transaction of C$101,000.00. Following the completion of the transaction, the director owned 50,000 shares in the company, valued at C$101,000. This represents a ∞ increase in their ownership of the stock. 2.43% of the stock is owned by insiders.

i-80 Gold Company Profile

i-80 Gold Corp. is a Nevada-focused, mining company with a goal of achieving mid-tier gold producer status through the development of four new open pit and underground mining operations that will ultimately process ore at the Company’s central Lone Tree complex that includes an Autoclave. The Company’s primary goal is to build a self-sustaining, mid-tier, mining company with a peer-best growth platform by employing a methodical, capital disciplined and staged approach to minimize risk while also assessing and monitoring for accretive growth opportunities.