i-80 Gold (NYSE:IAUX) Director John Arthur Begeman Sells 24,356 Shares

i-80 Gold Corp. (NYSE:IAUX) Director John Arthur Begeman sold 24,356 shares of the business’s stock in a transaction that occurred on Thursday, May 28th. The stock was sold at an average price of $1.59, for a total transaction of $38,726.04. Following the completion of the sale, the director directly owned 827,354 shares of the company’s stock, valued at $1,315,492.86. This represents a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

i-80 Gold Stock Performance

IAUX stock opened at $1.60 on Tuesday. The company has a quick ratio of 0.22, a current ratio of 0.33 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $1.38 billion, a price-to-earnings ratio of -4.44 and a beta of 1.12. i-80 Gold Corp. has a 12 month low of $0.51 and a 12 month high of $2.24. The firm has a 50 day moving average of $1.55 and a two-hundred day moving average of $1.56.

Hedge Funds Weigh In On i-80 Gold

Several large investors have recently bought and sold shares of IAUX. Cypress Wealth Services LLC acquired a new position in i-80 Gold during the 4th quarter valued at $25,000. Banco BTG Pactual S.A. bought a new stake in i-80 Gold during the 2nd quarter worth about $25,000. State of Wisconsin Investment Board bought a new stake in i-80 Gold during the 4th quarter worth about $27,000. Deutsche Bank AG bought a new stake in i-80 Gold during the 4th quarter worth about $32,000. Finally, EverSource Wealth Advisors LLC grew its holdings in i-80 Gold by 19,522.9% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 64,167 shares of the company’s stock worth $38,000 after acquiring an additional 63,840 shares during the last quarter. 61.31% of the stock is currently owned by institutional investors and hedge funds.

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.