Insider Buying: i-80 Gold (NYSE:IAUX) Director Purchases $24,999.30 in Stock

i-80 Gold Corp. (NYSE:IAUX) Director Ronald Butler, Jr. acquired 17,730 shares of the company’s stock in a transaction on Wednesday, March 25th. The stock was purchased at an average cost of $1.41 per share, for a total transaction of $24,999.30. Following the completion of the purchase, the director directly owned 50,530 shares in the company, valued at $71,247.30. This trade represents a 54.05% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

i-80 Gold Stock Performance

Shares of IAUX opened at $1.58 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.22 and a current ratio of 0.33. The stock has a market capitalization of $1.36 billion, a P/E ratio of -4.37 and a beta of 1.25. The company’s fifty day moving average is $1.68 and its two-hundred day moving average is $1.47. i-80 Gold Corp. has a 1 year low of $0.48 and a 1 year high of $2.24.

Hedge Funds Weigh In On i-80 Gold

Several institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. acquired a new position in i-80 Gold in the 3rd quarter valued at $22,877,000. Trek Financial LLC increased its stake in i-80 Gold by 4.7% in the 3rd quarter. Trek Financial LLC now owns 11,173,852 shares of the company’s stock valued at $10,675,000 after buying an additional 504,035 shares during the period. Amundi boosted its position in shares of i-80 Gold by 8,598.4% during the 4th quarter. Amundi now owns 10,872,975 shares of the company’s stock worth $15,875,000 after purchasing an additional 10,747,975 shares in the last quarter. Tidal Investments LLC boosted its position in shares of i-80 Gold by 152.2% during the 3rd quarter. Tidal Investments LLC now owns 10,563,944 shares of the company’s stock worth $10,093,000 after purchasing an additional 6,375,073 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its position in shares of i-80 Gold by 68.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 5,161,339 shares of the company’s stock worth $7,536,000 after purchasing an additional 2,105,235 shares in the last quarter. 61.31% of the stock is owned by institutional investors and hedge funds.

About i-80 Gold

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.