i-80 Gold (TSE:IAU) Shares Down 3% – Should You Sell?

i-80 Gold Corp. (TSE:IAU)’s share price dropped 3% during mid-day trading on Monday . The stock traded as low as C$1.94 and last traded at C$1.94. Approximately 1,248,799 shares were traded during trading, a decline of 31% from the average daily volume of 1,803,393 shares. The stock had previously closed at C$2.00.

i-80 Gold Trading Down 3.0%

The stock has a market capitalization of C$1.67 billion, a PE ratio of -6.69 and a beta of 2.39. The firm has a 50-day moving average price of C$2.16 and a 200-day moving average price of C$2.17. The company has a current ratio of 9.46, a quick ratio of 1.57 and a debt-to-equity ratio of 146.48.

i-80 Gold (TSE:IAU) last announced its earnings results on Wednesday, May 13th. The company reported C($0.04) earnings per share (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, equities analysts forecast that i-80 Gold Corp. will post 0.0264607 EPS for the current fiscal year.

Insider Buying and Selling at i-80 Gold

In other news, Director Steven Wayne Yopps purchased 50,000 shares of the business’s stock in a transaction dated Friday, May 15th. The stock was bought at an average price of C$2.02 per share, for a total transaction of C$101,000.00. Following the purchase, the director owned 50,000 shares of the company’s stock, valued at C$101,000. The trade was a ∞ increase in their ownership of the stock. Insiders own 2.43% of the company’s stock.

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.