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

Baader Bank Aktiengesellschaft bought a new position in i-80 Gold Corp. (NYSE:IAUX) during the 3rd quarter, HoldingsChannel reports. The fund bought 260,000 shares of the company’s stock, valued at approximately $248,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Maia Wealth LLC purchased a new stake in i-80 Gold during the 2nd quarter valued at $25,000. Banco BTG Pactual S.A. bought a new position in shares of i-80 Gold during the second quarter valued at about $25,000. Heck Capital Advisors LLC purchased a new stake in shares of i-80 Gold during the third quarter worth about $28,000. Sovereign Financial Group Inc. boosted its holdings in shares of i-80 Gold by 87.9% during the third quarter. Sovereign Financial Group Inc. now owns 31,245 shares of the company’s stock worth $30,000 after purchasing an additional 14,618 shares during the period. Finally, Stonebrook Private Inc. grew its stake in shares of i-80 Gold by 80.3% in the second quarter. Stonebrook Private Inc. now owns 61,737 shares of the company’s stock worth $37,000 after purchasing an additional 27,502 shares during the last quarter. 61.31% of the stock is currently owned by institutional investors.

i-80 Gold Stock Performance

IAUX opened at $1.94 on Friday. The business has a 50 day simple moving average of $1.62 and a two-hundred day simple moving average of $1.15. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of -5.39 and a beta of 1.18. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.33 and a quick ratio of 0.22. i-80 Gold Corp. has a one year low of $0.48 and a one year high of $2.24.

Insider Activity at i-80 Gold

In other i-80 Gold news, Director John William Seaman bought 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The stock was bought at an average price of $1.03 per share, for a total transaction of $30,900.00. Following the completion of the acquisition, the director directly owned 326,942 shares in the company, valued at $336,750.26. The trade was a 10.10% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders purchased a total of 55,000 shares of company stock worth $62,150 in the last ninety days. 2.08% of the stock is owned by corporate insiders.

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.