i-80 Gold (NYSE:IAUX) Stock Price Down 9.7% – Should You Sell?

i-80 Gold Corp. (NYSE:IAUX)’s stock price was down 9.7% on Thursday . The company traded as low as $0.9810 and last traded at $0.9750. Approximately 5,443,550 shares were traded during mid-day trading, a decline of 8% from the average daily volume of 5,905,452 shares. The stock had previously closed at $1.08.

i-80 Gold Stock Down 9.6%

The business has a 50-day simple moving average of $0.97 and a two-hundred day simple moving average of $0.75. The company has a quick ratio of 0.22, a current ratio of 0.33 and a debt-to-equity ratio of 0.19. The company has a market cap of $781.16 million, a price-to-earnings ratio of -2.71 and a beta of 1.26.

Institutional Investors Weigh In On i-80 Gold

Hedge funds have recently bought and sold shares of the company. Maia Wealth LLC acquired a new stake in shares of i-80 Gold in the second quarter worth $25,000. Banco BTG Pactual S.A. acquired a new stake in i-80 Gold during the second quarter valued at approximately $25,000. Heck Capital Advisors LLC bought a new stake in i-80 Gold in the third quarter valued at $28,000. Sovereign Financial Group Inc. increased its position in shares of i-80 Gold by 87.9% during the 3rd 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 in the last quarter. Finally, Clear Harbor Asset Management LLC raised its stake in shares of i-80 Gold by 48.5% in the second quarter. Clear Harbor Asset Management LLC now owns 53,655 shares of the company’s stock valued at $32,000 after acquiring an additional 17,533 shares during the last quarter. 61.31% of the stock is currently owned by institutional investors.

i-80 Gold Company Profile

i-80 Gold Corp. is a mining company, engages in the exploration, development and production of gold and silver mineral deposits principally in the United States. i-80 Gold Corp. is based in Reno, Nevada.