i-80 Gold (NYSE:IAUX) Sets New 1-Year High – Here’s Why

i-80 Gold Corp. (NYSE:IAUX)’s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $1.33 and last traded at $1.3250, with a volume of 1486984 shares traded. The stock had previously closed at $1.30.

i-80 Gold Price Performance

The company has a market capitalization of $1.07 billion, a PE ratio of -3.71 and a beta of 1.22. 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 firm’s 50-day moving average is $1.03 and its 200-day moving average is $0.81.

Insider Activity

In other news, Director John William Seaman acquired 30,000 shares of i-80 Gold stock in a transaction dated Tuesday, November 25th. The shares were purchased at an average cost of $1.03 per share, for a total transaction of $30,900.00. Following the transaction, the director owned 326,942 shares of the company’s stock, valued at $336,750.26. This trade represents a 10.10% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 2.08% of the company’s stock.

Institutional Trading of i-80 Gold

Hedge funds have recently bought and sold shares of the company. Heck Capital Advisors LLC purchased a new stake in i-80 Gold in the third quarter worth approximately $28,000. Sovereign Financial Group Inc. lifted its holdings in shares of i-80 Gold by 87.9% in the 3rd quarter. Sovereign Financial Group Inc. now owns 31,245 shares of the company’s stock worth $30,000 after acquiring an additional 14,618 shares during the last quarter. Banco BTG Pactual S.A. purchased a new stake in shares of i-80 Gold in the 2nd quarter valued at $25,000. Maia Wealth LLC bought a new position in shares of i-80 Gold during the 2nd quarter valued at $25,000. Finally, McAdam LLC raised its position in i-80 Gold by 81.8% in the 2nd quarter. McAdam LLC now owns 53,422 shares of the company’s stock worth $32,000 after purchasing an additional 24,040 shares during the period. Institutional investors own 61.31% of the company’s stock.

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.