i-80 Gold (NYSE:IAUX) Trading 5.2% Higher on Insider Buying Activity

Shares of i-80 Gold Corp. (NYSE:IAUX) rose 5.2% during trading on Monday following insider buying activity. The stock traded as high as $1.52 and last traded at $1.5050. Approximately 6,649,884 shares changed hands during trading, an increase of 13% from the average daily volume of 5,875,889 shares. The stock had previously closed at $1.43.

Specifically, Director John William Seaman purchased 20,000 shares of the company’s stock in a transaction on Tuesday, December 9th. The shares were acquired at an average price of $1.30 per share, for a total transaction of $26,000.00. Following the purchase, the director owned 346,942 shares in the company, valued at $451,024.60. This trade represents a 6.12% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

i-80 Gold Stock Up 3.5%

The company has a debt-to-equity ratio of 0.19, a current ratio of 0.33 and a quick ratio of 0.22. The firm has a market capitalization of $1.18 billion, a price-to-earnings ratio of -4.11 and a beta of 1.22. The business has a fifty day moving average price of $1.07 and a two-hundred day moving average price of $0.84.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. Maia Wealth LLC purchased a new stake in i-80 Gold in the second quarter valued at $25,000. Banco BTG Pactual S.A. acquired a new position in shares of i-80 Gold in the 2nd quarter valued at about $25,000. Heck Capital Advisors LLC purchased a new stake in shares of i-80 Gold in the third quarter worth about $28,000. Sovereign Financial Group Inc. grew its holdings 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 worth $30,000 after acquiring an additional 14,618 shares during the period. Finally, Clear Harbor Asset Management LLC raised its position in i-80 Gold by 48.5% during the second quarter. Clear Harbor Asset Management LLC now owns 53,655 shares of the company’s stock valued at $32,000 after acquiring an additional 17,533 shares in the last quarter. Hedge funds and other institutional investors own 61.31% of the company’s stock.

About i-80 Gold

i-80 Gold Corp. is a mining company, engages in the exploration, development and production of gold and silver mineral deposits principally in the United States. i-80 Gold Corp. is based in Reno, Nevada.