i-80 Gold (TSE:IAU) Trading Down 4.9% – What’s Next?

Shares of i-80 Gold Corp. (TSE:IAU) fell 4.9% during trading on Friday . The stock traded as low as C$2.45 and last traded at C$2.53. 514,689 shares changed hands during mid-day trading, a decline of 60% from the average session volume of 1,302,447 shares. The stock had previously closed at C$2.66.

i-80 Gold Trading Down 3.0%

The company has a market cap of C$2.13 billion, a price-to-earnings ratio of -11.73 and a beta of 1.88. The company has a debt-to-equity ratio of 40.07, a current ratio of 0.33 and a quick ratio of 1.57. The business’s 50-day simple moving average is C$2.29 and its 200-day simple moving average is C$1.64.

i-80 Gold (TSE:IAU) last issued its quarterly earnings data on Thursday, February 19th. The company reported C($0.07) earnings per share for the quarter. i-80 Gold had a negative return on equity of 27.76% and a negative net margin of 231.43%.The business had revenue of C$27.75 million for the quarter. Research analysts predict that i-80 Gold Corp. will post 0.0264607 earnings per share for the current fiscal year.

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.