i-80 Gold (NYSE:IAUX) Director Purchases $73,500.00 in Stock

i-80 Gold Corp. (NYSE:IAUX) Director Steven Yopps acquired 50,000 shares of the firm’s stock in a transaction that occurred on Friday, May 15th. The stock was purchased at an average price of $1.47 per share, with a total value of $73,500.00. Following the completion of the acquisition, the director owned 50,000 shares in the company, valued at $73,500. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.

i-80 Gold Price Performance

Shares of NYSE IAUX opened at $1.48 on Thursday. i-80 Gold Corp. has a twelve month low of $0.50 and a twelve month high of $2.24. The firm has a market cap of $1.27 billion, a P/E ratio of -4.11 and a beta of 1.12. The company has a 50 day moving average of $1.56 and a 200 day moving average of $1.53. The company has a quick ratio of 0.22, a current ratio of 0.33 and a debt-to-equity ratio of 0.19.

Hedge Funds Weigh In On i-80 Gold

A number of hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE raised its holdings in i-80 Gold by 214.8% in the 1st quarter. Bank of America Corp DE now owns 2,086,685 shares of the company’s stock worth $3,172,000 after acquiring an additional 1,423,909 shares during the last quarter. Empowered Funds LLC bought a new stake in i-80 Gold in the 1st quarter worth approximately $43,000. The Manufacturers Life Insurance Company bought a new stake in i-80 Gold in the 1st quarter worth approximately $1,132,000. SummitTX Capital L.P. bought a new stake in i-80 Gold in the 1st quarter worth approximately $172,000. Finally, Waverly Advisors LLC bought a new stake in i-80 Gold in the 1st quarter worth approximately $81,000. 61.31% of the stock is currently owned by hedge funds and other institutional investors.

i-80 Gold Company Profile

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.