i-80 Gold (TSE:IAU) Shares Climb 4.8% – Should You Buy?

i-80 Gold Corp. (TSE:IAU)’s stock price traded up 4.8% during trading on Thursday. The stock traded as high as C$2.18 and last traded at C$2.17. 1,103,802 shares were traded during trading, a decline of 27% from the average daily volume of 1,501,904 shares. The stock had previously closed at C$2.07.

i-80 Gold Stock Performance

The company has a debt-to-equity ratio of 172.73, a current ratio of 8.63 and a quick ratio of 1.57. The firm has a market capitalization of C$1.85 billion, a P/E ratio of -6.90 and a beta of 2.47. The stock’s 50 day moving average is C$2.39 and its two-hundred day moving average is C$2.19.

i-80 Gold Company Profile

i-80 Gold Corp. is a Nevada-focused mining company committed to building a mid-tier gold producer through a funded three-phase development plan to advance its high-quality asset portfolio. The Company is one of the largest mineral resource holders in the state with a pipeline of high-grade multi-stage projects strategically located in Nevada’s most prolific gold-producing trends. Leveraging its central processing facility following an anticipated refurbishment, i-80 Gold is executing a hub-and-spoke regional mining and processing strategy to maximize efficiency and growth.