Steven Yopps Acquires 50,000 Shares of i-80 Gold (NYSE:IAUX) Stock

i-80 Gold Corp. (NYSE:IAUX) Director Steven Yopps bought 50,000 shares of i-80 Gold stock in a transaction dated Friday, May 15th. The stock was acquired at an average cost of $1.47 per share, for a total transaction of $73,500.00. Following the purchase, the director directly owned 50,000 shares in the company, valued at approximately $73,500. The trade was a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

i-80 Gold Trading Up 1.4%

IAUX opened at $1.48 on Wednesday. The firm has a 50 day simple moving average of $1.56 and a 200 day simple moving average of $1.52. i-80 Gold Corp. has a fifty-two week low of $0.50 and a fifty-two week high of $2.24. The company has a market cap of $1.27 billion, a price-to-earnings ratio of -4.11 and a beta of 1.12. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.33 and a quick ratio of 0.22.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Vanguard Group Inc. acquired a new stake in shares of i-80 Gold during the third quarter worth $22,877,000. Pale Fire Capital SE lifted its stake in i-80 Gold by 0.8% in the first quarter. Pale Fire Capital SE now owns 20,843,056 shares of the company’s stock valued at $31,681,000 after buying an additional 174,741 shares during the period. Trek Financial LLC boosted its holdings in i-80 Gold by 4.7% during the third quarter. Trek Financial LLC now owns 11,173,852 shares of the company’s stock worth $10,675,000 after buying an additional 504,035 shares during the last quarter. Amundi grew its position in shares of i-80 Gold by 8,598.4% during the 4th quarter. Amundi now owns 10,872,975 shares of the company’s stock worth $15,875,000 after buying an additional 10,747,975 shares during the period. Finally, Tidal Investments LLC grew its position in shares of i-80 Gold by 152.2% during the 3rd quarter. Tidal Investments LLC now owns 10,563,944 shares of the company’s stock worth $10,093,000 after buying an additional 6,375,073 shares during the period. Institutional investors and hedge funds own 61.31% of the company’s stock.

i-80 Gold Company Profile

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.