i-80 Gold (NYSE:IAUX) Shares Up 5.2% After Insider Buying Activity

i-80 Gold Corp. (NYSE:IAUX)’s share price traded up 5.2% during trading on Monday following insider buying activity. The stock traded as high as $1.52 and last traded at $1.5050. 6,649,884 shares changed hands during trading, an increase of 13% from the average session volume of 5,875,889 shares. The stock had previously closed at $1.43.

Specifically, Director John William Seaman bought 20,000 shares of i-80 Gold stock in a transaction dated Tuesday, December 9th. The stock was bought at an average price of $1.30 per share, for a total transaction of $26,000.00. Following the purchase, the director owned 346,942 shares of the company’s stock, valued at approximately $451,024.60. The trade was a 6.12% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

i-80 Gold Stock Performance

The company has a debt-to-equity ratio of 0.19, a current ratio of 0.33 and a quick ratio of 0.22. The company has a market capitalization of $1.20 billion, a PE ratio of -4.18 and a beta of 1.22. The stock has a 50-day simple moving average of $1.06 and a 200 day simple moving average of $0.83.

Institutional Trading of i-80 Gold

Several institutional investors and hedge funds have recently modified their holdings of IAUX. Heck Capital Advisors LLC purchased a new stake in i-80 Gold in the 3rd quarter valued at approximately $28,000. Sovereign Financial Group Inc. lifted its position in shares of i-80 Gold by 87.9% in the third quarter. Sovereign Financial Group Inc. now owns 31,245 shares of the company’s stock valued at $30,000 after acquiring an additional 14,618 shares in the last quarter. Banco BTG Pactual S.A. purchased a new stake in i-80 Gold during the 2nd quarter worth about $25,000. Maia Wealth LLC acquired a new position in i-80 Gold in the 2nd quarter valued at about $25,000. Finally, McAdam LLC lifted its holdings 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 in the last quarter. Hedge funds and other institutional investors own 61.31% of the company’s stock.

About i-80 Gold

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.