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. 979,035 shares traded hands during mid-day 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 Trading Up 4.2%

The stock has a 50-day moving average price of C$2.05 and a two-hundred day moving average price of C$2.21. The stock has a market capitalization of C$1.71 billion, a PE ratio of -6.83 and a beta of 2.44. The company has a debt-to-equity ratio of 146.48, a quick ratio of 1.57 and a current ratio of 9.46.

i-80 Gold (TSE:IAU) last released 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 return on equity of 58.94% and a negative net margin of 166.31%.The firm had revenue of C$72.84 million during the quarter. As a group, equities analysts forecast that i-80 Gold Corp. will post 0.0264607 earnings per share for the current year.

Insider Buying and Selling at i-80 Gold

In other news, Director Steven Wayne Yopps acquired 50,000 shares of i-80 Gold stock in a transaction dated Friday, May 15th. The stock was purchased at an average cost of C$2.02 per share, with a total value of C$101,000.00. Following the completion of the purchase, the director directly owned 50,000 shares in the company, valued at approximately C$101,000. This trade represents 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.