i-80 Gold (TSE:IAU) Stock Price Down 5.3% – Time to Sell?

by · The Markets Daily

Shares of i-80 Gold Corp. (TSE:IAU – Get Free Report) dropped 5.3% on Wednesday. The stock traded as low as C$2.44 and last traded at C$2.48. Approximately 997,231 shares traded hands during trading, a decline of 36% from the average session volume of 1,559,856 shares. The stock had previously closed at C$2.62.

i-80 Gold Trading Up 1.6%

The company has a debt-to-equity ratio of 172.73, a quick ratio of 1.57 and a current ratio of 8.63. The firm has a 50-day moving average of C$2.28 and a 200-day moving average of C$2.17. The firm has a market capitalization of C$2.15 billion, a P/E ratio of -8.00 and a beta of 2.75.

About i-80 Gold

(Get Free Report)

i-80 Gold Corp. is a Nevada-focused, mining company with a goal of achieving mid-tier gold producer status through the development of four new open pit and underground mining operations that will ultimately process ore at the Company’s central Lone Tree complex that includes an Autoclave. The Company’s primary goal is to build a self-sustaining, mid-tier, mining company with a peer-best growth platform by employing a methodical, capital disciplined and staged approach to minimize risk while also assessing and monitoring for accretive growth opportunities.

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