i-80 Gold (TSE:IAU) Trading Up 0.5% – Should You Buy?

i-80 Gold Corp. (TSE:IAU) shares rose 0.5% during trading on Tuesday . The stock traded as high as C$2.07 and last traded at C$2.06. Approximately 973,435 shares were traded during trading, a decline of 45% from the average daily volume of 1,779,850 shares. The stock had previously closed at C$2.05.

i-80 Gold Stock Up 0.5%

The firm’s 50-day simple moving average is C$2.11 and its 200 day simple moving average is C$2.22. The company has a debt-to-equity ratio of 146.48, a quick ratio of 1.57 and a current ratio of 9.46. The stock has a market capitalization of C$1.78 billion, a P/E ratio of -7.10 and a beta of 2.39.

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

Insider Transactions at i-80 Gold

In related news, Director Steven Wayne Yopps purchased 50,000 shares of i-80 Gold stock in a transaction that occurred on 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 transaction, the director owned 50,000 shares of the company’s stock, valued at approximately C$101,000. This trade represents a ∞ increase in their position. Insiders own 2.43% of the company’s stock.

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.