i-80 Gold (TSE:IAU) Stock Price Down 6.3%

i-80 Gold Corp. (TSE:IAU)’s share price dropped 6.3% on Tuesday . The stock traded as low as C$1.63 and last traded at C$1.64. Approximately 1,972,473 shares changed hands during trading, an increase of 142% from the average daily volume of 816,057 shares. The stock had previously closed at C$1.75.

i-80 Gold Price Performance

The company has a debt-to-equity ratio of 42.29, a current ratio of 0.65 and a quick ratio of 1.57. The stock has a market capitalization of C$513.63 million, a P/E ratio of -4.97 and a beta of 1.88. The company’s 50 day simple moving average is C$1.81 and its two-hundred day simple moving average is C$1.97.

i-80 Gold (TSE:IAU) last issued its quarterly earnings data on Tuesday, March 12th. The company reported C($0.10) earnings per share for the quarter, missing the consensus estimate of C($0.05) by C($0.05). The firm had revenue of C$35.18 million for the quarter. i-80 Gold had a negative return on equity of 17.16% and a negative net margin of 118.73%. As a group, equities analysts expect that i-80 Gold Corp. will post 0.0264607 EPS for the current fiscal year.

Insider Activity

In other news, Director John Seaman sold 28,000 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of C$2.00, for a total transaction of C$55,916.00. In related news, Director John A. Begeman sold 20,000 shares of the stock in a transaction that occurred on Tuesday, March 19th. The shares were sold at an average price of C$1.86, for a total value of C$37,200.00. Also, Director John Seaman sold 28,000 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of C$2.00, for a total transaction of C$55,916.00. Insiders have sold 73,000 shares of company stock valued at $136,866 over the last three months. 19.51% of the stock is owned by insiders.

i-80 Gold Company Profile

i-80 Gold Corp., a mining company, explores for, develops, and produces gold, silver, and polymetallic deposits in the United States. The Company's principal assets are the McCoy-Cove gold properties located in Lander County, Nevada; the Granite Creek gold project located in Humboldt County, Nevada; the Lone Tree project located within the Battle Mountain-Eureka Trend, Nevada; and the Ruby Hill mine in Eureka County, Nevada.