Key Points
- Director buying: i-80 Gold director Steven Wayne Yopps purchased 50,000 shares on May 15 at an average price of C$2.02 per share, for a total of C$101,000.
- Stock moved lower: The shares were trading down 4.7% and opened at C$2.05, below both the 50-day moving average of C$2.17 and the 200-day moving average of C$2.08.
- Mixed fundamentals: The company reported a quarterly loss of C($0.04) per share and negative profitability metrics, though it generated C$72.84 million in revenue and analysts still expect modest positive EPS for the year.
i-80 Gold Corp. (TSE:IAU - Get Free Report) Director Steven Wayne Yopps acquired 50,000 shares of i-80 Gold stock in a transaction that occurred on Friday, May 15th. The stock was acquired at an average cost of C$2.02 per share, with a total value of C$101,000.00. Following the completion of the purchase, the director owned 50,000 shares in the company, valued at approximately C$101,000. This represents a ∞ increase in their position.
i-80 Gold Trading Down 4.7%
Shares of TSE:IAU opened at C$2.05 on Friday. The firm has a market capitalization of C$1.77 billion, a P/E ratio of -7.07 and a beta of 2.39. The company has a quick ratio of 1.57, a current ratio of 0.73 and a debt-to-equity ratio of 50.38. i-80 Gold Corp. has a 12-month low of C$0.69 and a 12-month high of C$3.04. The firm has a fifty day moving average of C$2.17 and a two-hundred day moving average of C$2.08.
i-80 Gold (TSE:IAU - Get Free Report) last announced its quarterly earnings results on Wednesday, May 13th. The company reported C($0.04) EPS for the quarter. i-80 Gold had a negative net margin of 195.86% and a negative return on equity of 47.93%. The firm had revenue of C$72.84 million during the quarter. On average, equities analysts expect that i-80 Gold Corp. will post 0.0264607 EPS for the current fiscal year.
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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