i-80 Gold (NYSE:IAUX) Reaches New 52-Week High – Here’s What Happened

i-80 Gold Corp. (NYSE:IAUX) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $1.60 and last traded at $1.5550, with a volume of 1433596 shares traded. The stock had previously closed at $1.54.

i-80 Gold Price Performance

The stock has a market cap of $1.25 billion, a price-to-earnings ratio of -4.35 and a beta of 1.22. 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 company has a 50-day simple moving average of $1.11 and a two-hundred day simple moving average of $0.87.

Insider Activity at i-80 Gold

In other i-80 Gold news, Director John William Seaman bought 30,000 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The shares were acquired at an average cost of $1.03 per share, with a total value of $30,900.00. Following the acquisition, the director owned 326,942 shares of the company’s stock, valued at $336,750.26. The trade was a 10.10% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In the last ninety days, insiders purchased 55,000 shares of company stock worth $62,150. Insiders own 2.08% of the company’s stock.

Hedge Funds Weigh In On i-80 Gold

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Heck Capital Advisors LLC acquired a new stake in shares of i-80 Gold during the 3rd quarter worth about $28,000. Sovereign Financial Group Inc. boosted its holdings in shares of i-80 Gold by 87.9% during the third 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 period. Banco BTG Pactual S.A. acquired a new position in shares of i-80 Gold in the second quarter valued at approximately $25,000. Maia Wealth LLC bought a new position in shares of i-80 Gold during the second quarter worth approximately $25,000. Finally, McAdam LLC boosted its stake in 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 purchasing an additional 24,040 shares during the period. 61.31% of the stock is owned by institutional investors.

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.