i-80 Gold (NYSE:IAUX) Shares Gap Down – Should You Sell?

i-80 Gold Corp. (NYSE:IAUX)’s stock price gapped down before the market opened on Friday . The stock had previously closed at $1.95, but opened at $1.88. i-80 Gold shares last traded at $1.8540, with a volume of 3,198,938 shares traded.

i-80 Gold Stock Down 3.6%

The company has a current ratio of 0.33, a quick ratio of 0.22 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $1.56 billion, a price-to-earnings ratio of -5.22 and a beta of 1.18. The firm has a 50 day moving average price of $1.68 and a two-hundred day moving average price of $1.20.

Insider Transactions at i-80 Gold

In other i-80 Gold news, Director John William Seaman acquired 20,000 shares of the company’s stock in a transaction dated Tuesday, December 9th. The stock was bought at an average price of $1.30 per share, with a total value of $26,000.00. Following the completion of the transaction, the director directly owned 346,942 shares of the company’s stock, valued at approximately $451,024.60. The trade was a 6.12% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 2.08% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in IAUX. Vanguard Group Inc. purchased a new stake in shares of i-80 Gold in the third quarter worth about $22,877,000. Pale Fire Capital SE boosted its holdings in i-80 Gold by 25.2% in the 2nd quarter. Pale Fire Capital SE now owns 21,263,656 shares of the company’s stock worth $12,724,000 after acquiring an additional 4,282,561 shares during the period. Equinox Partners Investment Management LLC purchased a new position in i-80 Gold in the 2nd quarter worth approximately $6,909,000. Trek Financial LLC grew its position in i-80 Gold by 4.7% in the third quarter. Trek Financial LLC now owns 11,173,852 shares of the company’s stock valued at $10,675,000 after acquiring an additional 504,035 shares in the last quarter. Finally, Amundi raised its stake in shares of i-80 Gold by 8,598.4% during the fourth quarter. Amundi now owns 10,872,975 shares of the company’s stock valued at $15,875,000 after purchasing an additional 10,747,975 shares during the period. 61.31% of the stock is owned by hedge funds and other institutional investors.

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.