i-80 Gold (TSE:IAU) Sets New 52-Week High – Here’s Why

i-80 Gold Corp. (TSE:IAU)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as C$1.62 and last traded at C$1.62, with a volume of 539523 shares trading hands. The stock had previously closed at C$1.51.

i-80 Gold Trading Up 6.6%

The company’s 50 day simple moving average is C$1.38 and its two-hundred day simple moving average is C$1.08. The company has a quick ratio of 1.57, a current ratio of 0.33 and a debt-to-equity ratio of 40.07. The company has a market capitalization of C$1.33 billion, a price-to-earnings ratio of -7.32 and a beta of 1.96.

i-80 Gold (TSE:IAU) last issued its quarterly earnings results on Wednesday, November 12th. The company reported C($0.04) earnings per share (EPS) for the quarter. The business had revenue of C$44.58 million for the quarter. i-80 Gold had a negative return on equity of 27.76% and a negative net margin of 231.43%. As a group, research analysts anticipate that i-80 Gold Corp. will post 0.0264607 earnings per share for the current fiscal year.

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.