i-80 Gold (TSE:IAU) Shares Down 9.3% – Here’s What Happened

i-80 Gold Corp. (TSE:IAU)’s stock price was down 9.3% during mid-day trading on Friday . The company traded as low as C$1.36 and last traded at C$1.37. Approximately 996,389 shares traded hands during mid-day trading, an increase of 37% from the average daily volume of 726,419 shares. The stock had previously closed at C$1.51.

i-80 Gold Stock Down 0.7%

The firm has a market capitalization of C$1.12 billion, a price-to-earnings ratio of -6.18 and a beta of 1.96. The company has a debt-to-equity ratio of 40.07, a quick ratio of 1.57 and a current ratio of 0.33. The business’s 50 day moving average is C$1.36 and its 200-day moving average is C$1.05.

i-80 Gold (TSE:IAU) last released its quarterly earnings results on Wednesday, November 12th. The company reported C($0.04) earnings per share (EPS) for the quarter. The firm had revenue of C$44.58 million for the quarter. i-80 Gold had a negative net margin of 231.43% and a negative return on equity of 27.76%. Equities analysts anticipate that i-80 Gold Corp. will post 0.0264607 EPS for the current fiscal year.

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.