i-80 Gold (TSE:IAU) Trading Up 4.2% – Should You Buy?

i-80 Gold Corp. (TSE:IAU)’s stock price traded up 4.2% on Wednesday . The stock traded as high as C$2.01 and last traded at C$1.98. 979,035 shares traded hands during 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 Down 1.5%

The stock has a market cap of C$1.65 billion, a PE ratio of -6.59 and a beta of 2.44. The firm has a 50-day moving average price of C$2.05 and a 200-day moving average price of C$2.21. 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 announced its quarterly earnings data on Wednesday, May 13th. The company reported C($0.04) EPS for the quarter. The firm had revenue of C$72.84 million for the quarter. i-80 Gold had a negative net margin of 166.31% and a negative return on equity of 58.94%. As a group, equities analysts anticipate that i-80 Gold Corp. will post 0.0264607 EPS for the current fiscal year.

Insider Activity

In other news, Director Steven Wayne Yopps purchased 50,000 shares of the business’s stock in a transaction dated Friday, May 15th. The shares were purchased at an average price of C$2.02 per share, for a total transaction of C$101,000.00. Following the completion of the acquisition, the director directly owned 50,000 shares in the company, valued at C$101,000. This represents a ∞ increase in their position. Corporate 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.