i-80 Gold (TSE:IAU) Shares Down 4.9% – What’s Next?

i-80 Gold Corp. (TSE:IAU) shares were down 4.9% during mid-day trading on Friday . The company traded as low as C$2.45 and last traded at C$2.53. Approximately 514,689 shares were traded during mid-day trading, a decline of 60% from the average daily volume of 1,302,447 shares. The stock had previously closed at C$2.66.

i-80 Gold Stock Down 2.6%

The stock has a market capitalization of C$2.14 billion, a PE ratio of -11.77 and a beta of 1.88. 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 stock’s 50-day moving average price is C$2.30 and its two-hundred day moving average price is C$1.66.

i-80 Gold (TSE:IAU) last issued its earnings results on Thursday, February 19th. The company reported C($0.07) EPS for the quarter. i-80 Gold had a negative return on equity of 27.76% and a negative net margin of 231.43%.The company had revenue of C$27.75 million for the quarter. As a group, analysts expect that i-80 Gold Corp. will post 0.0264607 EPS for the current fiscal year.

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.