i-80 Gold (TSE:IAU) Trading Down 3% – Time to Sell?

i-80 Gold Corp. (TSE:IAU)’s stock price fell 3% during mid-day trading on Monday . The stock traded as low as C$1.94 and last traded at C$1.94. 1,248,799 shares were traded during mid-day trading, a decline of 31% from the average session volume of 1,803,393 shares. The stock had previously closed at C$2.00.

i-80 Gold Price Performance

The firm has a market capitalization of C$1.66 billion, a P/E ratio of -6.62 and a beta of 2.39. The firm has a 50 day moving average price of C$2.16 and a 200-day moving average price of C$2.18. The company has a current ratio of 9.46, a quick ratio of 1.57 and a debt-to-equity ratio of 146.48.

i-80 Gold (TSE:IAU) last issued 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 business had revenue of C$72.84 million for the quarter. On average, analysts expect that i-80 Gold Corp. will post 0.0264607 earnings per share for the current year.

Insider Activity

In other i-80 Gold news, Director Steven Wayne Yopps purchased 50,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average cost of C$2.02 per share, with a total value of C$101,000.00. Following the purchase, the director owned 50,000 shares of the company’s stock, valued at approximately C$101,000. The trade was a ∞ increase in their ownership of the stock. Corporate insiders own 2.43% of the company’s stock.

About i-80 Gold

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.