Baader Bank Aktiengesellschaft Invests $248,000 in i-80 Gold Corp. $IAUX

Baader Bank Aktiengesellschaft acquired a new stake in shares of i-80 Gold Corp. (NYSE:IAUX) during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 260,000 shares of the company’s stock, valued at approximately $248,000.

A number of other hedge funds also recently bought and sold shares of IAUX. Maia Wealth LLC purchased a new stake in i-80 Gold in the second quarter worth approximately $25,000. Banco BTG Pactual S.A. bought a new stake in shares of i-80 Gold in the 2nd quarter worth approximately $25,000. Heck Capital Advisors LLC purchased a new stake in shares of i-80 Gold in the 3rd quarter valued at $28,000. Sovereign Financial Group Inc. boosted its stake in shares of i-80 Gold by 87.9% in the 3rd quarter. Sovereign Financial Group Inc. now owns 31,245 shares of the company’s stock valued at $30,000 after purchasing an additional 14,618 shares in the last quarter. Finally, Stonebrook Private Inc. grew its holdings in shares of i-80 Gold by 80.3% during the 2nd quarter. Stonebrook Private Inc. now owns 61,737 shares of the company’s stock valued at $37,000 after purchasing an additional 27,502 shares during the last quarter. Institutional investors own 61.31% of the company’s stock.

i-80 Gold Price Performance

Shares of NYSE:IAUX opened at $1.94 on Friday. The company has a quick ratio of 0.22, a current ratio of 0.33 and a debt-to-equity ratio of 0.19. The stock has a market cap of $1.61 billion, a PE ratio of -5.39 and a beta of 1.18. The company’s fifty day moving average is $1.62 and its 200 day moving average is $1.15. i-80 Gold Corp. has a 52 week low of $0.48 and a 52 week high of $2.24.

Insider Activity at i-80 Gold

In related news, Director John William Seaman bought 30,000 shares of the stock in a transaction dated Tuesday, November 25th. The stock was bought at an average price of $1.03 per share, with a total value of $30,900.00. Following the purchase, the director owned 326,942 shares in the company, valued at approximately $336,750.26. The trade was a 10.10% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. Insiders bought a total of 55,000 shares of company stock valued at $62,150 in the last quarter. 2.08% of the stock is currently owned by insiders.

i-80 Gold 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.