Trek Financial LLC Acquires 504,035 Shares of i-80 Gold Corp. $IAUX

Trek Financial LLC boosted its holdings in i-80 Gold Corp. (NYSE:IAUX) by 4.7% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 11,173,852 shares of the company’s stock after purchasing an additional 504,035 shares during the period. Trek Financial LLC’s holdings in i-80 Gold were worth $10,675,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Maia Wealth LLC acquired a new stake in shares of i-80 Gold in the second quarter valued at about $25,000. Banco BTG Pactual S.A. bought a new position in i-80 Gold in the second quarter valued at approximately $25,000. Heck Capital Advisors LLC acquired a new position in shares of i-80 Gold during the 3rd quarter worth approximately $28,000. Sovereign Financial Group Inc. raised its stake 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, McAdam LLC boosted its holdings in shares of i-80 Gold by 81.8% in the 2nd quarter. McAdam LLC now owns 53,422 shares of the company’s stock valued at $32,000 after buying an additional 24,040 shares during the last quarter. 61.31% of the stock is owned by institutional investors.

Insider Activity at i-80 Gold

In related news, Director John William Seaman bought 30,000 shares of the business’s stock in a transaction dated Tuesday, November 25th. The stock was bought at an average price of $1.03 per share, for a total transaction of $30,900.00. Following the purchase, the director owned 326,942 shares in the company, valued at $336,750.26. This represents a 10.10% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have acquired 55,000 shares of company stock valued at $62,150 in the last 90 days. 2.08% of the stock is owned by insiders.

i-80 Gold Stock Performance

IAUX remained flat at $1.81 during trading on Friday. 8,349,418 shares of the company were exchanged, compared to its average volume of 7,312,004. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.22 and a current ratio of 0.33. The business’s fifty day moving average price is $1.40 and its 200 day moving average price is $1.02. i-80 Gold Corp. has a fifty-two week low of $0.48 and a fifty-two week high of $1.85. The company has a market cap of $1.45 billion, a PE ratio of -5.03 and a beta of 1.18.

About i-80 Gold

i-80 Gold Corp. is a Canadian-focused gold exploration, development and production company with a strategic emphasis on precious metal assets in the state of Nevada, USA. The company pursues a district-scale approach, seeking to consolidate under-explored gold belts and advance resource-stage projects toward commercial production. Its core objective is to build a balanced portfolio of operating and development assets that generate cash flow while supporting ongoing exploration.

The company’s flagship asset is the 100%-owned Ruby Hill complex in Humboldt County, Nevada, which encompasses multiple gold and silver deposits at various stages of technical study and permitting.