i-80 Gold (TSE:IAU) Trading Down 2.6% – What’s Next?

i-80 Gold Corp. (TSE:IAU) shares were down 2.6% during mid-day trading on Tuesday . The stock traded as low as C$2.22 and last traded at C$2.23. Approximately 882,239 shares changed hands during trading, a decline of 37% from the average daily volume of 1,402,097 shares. The stock had previously closed at C$2.29.

i-80 Gold Trading Down 2.6%

The company has a 50 day simple moving average of C$2.45 and a 200 day simple moving average of C$1.85. The company has a market capitalization of C$1.87 billion, a PE ratio of -7.43 and a beta of 2.13. The company has a debt-to-equity ratio of 50.38, a quick ratio of 1.57 and a current ratio of 0.73.

i-80 Gold (TSE:IAU) last issued its quarterly earnings results on Friday, February 20th. The company reported C($0.07) earnings per share (EPS) for the quarter. i-80 Gold had a negative return on equity of 47.93% and a negative net margin of 195.86%.The firm had revenue of C$27.75 million during the quarter. Analysts anticipate that i-80 Gold Corp. will post 0.0264607 earnings per share for the current 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.