i-80 Gold (TSE:IAU) Shares Up 4.2% – Here’s What Happened

i-80 Gold Corp. (TSE:IAU) rose 4.2% during trading on Wednesday . The stock traded as high as C$2.01 and last traded at C$1.98. Approximately 979,035 shares changed hands during trading, a decline of 42% from the average session volume of 1,683,203 shares. The stock had previously closed at C$1.90.

i-80 Gold Stock Performance

The company has a quick ratio of 1.57, a current ratio of 9.46 and a debt-to-equity ratio of 146.48. The company has a market cap of C$1.71 billion, a PE ratio of -6.83 and a beta of 2.44. The business’s fifty day moving average is C$2.05 and its 200-day moving average is C$2.21.

i-80 Gold (TSE:IAU) last announced its earnings results on Wednesday, May 13th. The company reported C($0.04) EPS for the quarter. i-80 Gold had a negative net margin of 166.31% and a negative return on equity of 58.94%. The business had revenue of C$72.84 million for the quarter. As a group, research analysts predict that i-80 Gold Corp. will post 0.0264607 EPS for the current fiscal year.

Insider Activity

In other i-80 Gold news, Director Steven Wayne Yopps acquired 50,000 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was purchased at an average price of C$2.02 per share, with a total value of C$101,000.00. Following the transaction, the director directly owned 50,000 shares in the company, valued at approximately C$101,000. The trade was a ∞ increase in their position. 2.43% of the stock is currently owned by insiders.

i-80 Gold Company Profile

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.