i-80 Gold (NYSE:IAUX) Trading Up 5.2% – Here’s What Happened

i-80 Gold Corp. (NYSE:IAUX)’s share price traded up 5.2% during trading on Tuesday . The stock traded as high as $1.5050 and last traded at $1.5250. 1,137,126 shares traded hands during trading, a decline of 81% from the average session volume of 6,035,527 shares. The stock had previously closed at $1.45.

i-80 Gold Stock Performance

The company has a debt-to-equity ratio of 0.19, a current ratio of 0.33 and a quick ratio of 0.22. The company has a market cap of $1.22 billion, a price-to-earnings ratio of -4.24 and a beta of 1.22. The stock has a 50-day moving average price of $1.17 and a 200 day moving average price of $0.90.

Insider Activity

In related news, Director John William Seaman acquired 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The shares were acquired at an average cost of $1.30 per share, for a total transaction of $26,000.00. Following the completion of the acquisition, the director directly owned 346,942 shares in the company, valued at approximately $451,024.60. The trade was a 6.12% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have acquired a total of 55,000 shares of company stock worth $62,150 over the last ninety days. 2.08% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On i-80 Gold

A number of large investors have recently added to or reduced their stakes in the company. Maia Wealth LLC acquired a new position in shares of i-80 Gold during the second quarter worth about $25,000. Banco BTG Pactual S.A. acquired a new position in i-80 Gold during the second quarter worth $25,000. Heck Capital Advisors LLC bought a new position in i-80 Gold in the third quarter valued at $28,000. Sovereign Financial Group Inc. increased its stake in i-80 Gold by 87.9% in the 3rd quarter. Sovereign Financial Group Inc. now owns 31,245 shares of the company’s stock valued at $30,000 after buying an additional 14,618 shares during the last quarter. Finally, McAdam LLC lifted its position in i-80 Gold by 81.8% during the 2nd quarter. McAdam LLC now owns 53,422 shares of the company’s stock worth $32,000 after buying an additional 24,040 shares in the last quarter. Institutional investors own 61.31% of the company’s stock.

i-80 Gold Company Profile

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.