Paragon Associates & Paragon Associates II Joint Venture Makes New Investment in i-80 Gold Corp. $IAUX

Key Points

• Paragon Associates & Paragon Associates II Joint Venture purchased 1,500,000 shares of i-80 Gold in Q3 (about $1.44M), representing roughly 2.6% of that JV's portfolio and making IAUX its ninth-largest holding; the JV owns about 0.19% of i-80.
• Director John William Seaman bought 20,000 shares at an average price of $1.30 on Dec. 9, increasing his holding to 346,942 shares (a 6.12% rise).
• i-80 Gold shares traded near $1.75 (1-year range $0.48–$2.24), the company has a market cap of about $1.45 billion, a negative P/E (-4.86), and institutional investors own roughly 61.31% of the stock.

Paragon Associates & Paragon Associates II Joint Venture purchased a new stake in i-80 Gold Corp. (NYSE:IAUX - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,500,000 shares of the company's stock, valued at approximately $1,440,000. i-80 Gold comprises 2.6% of Paragon Associates & Paragon Associates II Joint Venture's investment portfolio, making the stock its 9th biggest holding. Paragon Associates & Paragon Associates II Joint Venture owned about 0.19% of i-80 Gold as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also made changes to their positions in the business. Murphy Pohlad Asset Management LLC increased its position in i-80 Gold by 6.4% in the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 198,800 shares of the company's stock worth $190,000 after buying an additional 12,000 shares during the period. Sovereign Financial Group Inc. lifted its holdings in shares of i-80 Gold by 87.9% during the third quarter. Sovereign Financial Group Inc. now owns 31,245 shares of the company's stock worth $30,000 after buying an additional 14,618 shares during the last quarter. Kohmann Bosshard Financial Services LLC boosted its position in shares of i-80 Gold by 27.7% in the second quarter. Kohmann Bosshard Financial Services LLC now owns 83,000 shares of the company's stock valued at $50,000 after acquiring an additional 18,000 shares during the period. Stonebrook Private Inc. boosted its position in shares of i-80 Gold by 80.3% in the second quarter. Stonebrook Private Inc. now owns 61,737 shares of the company's stock valued at $37,000 after acquiring an additional 27,502 shares during the period. Finally, Heck Capital Advisors LLC acquired a new stake in shares of i-80 Gold in the third quarter worth $28,000. Institutional investors and hedge funds own 61.31% of the company's stock.

i-80 Gold Trading Down 0.6%

Shares of IAUX stock opened at $1.75 on Friday. i-80 Gold Corp. has a 1 year low of $0.48 and a 1 year high of $2.24. The firm's fifty day simple moving average is $1.76 and its 200 day simple moving average is $1.29. The firm has a market capitalization of $1.45 billion, a P/E ratio of -4.86 and a beta of 1.10. The company has a current ratio of 0.33, a quick ratio of 0.22 and a debt-to-equity ratio of 0.19.

Insider Transactions at i-80 Gold

In related news, Director John William Seaman purchased 20,000 shares of the firm's stock in a transaction on Tuesday, December 9th. The shares were bought at an average cost of $1.30 per share, for a total transaction of $26,000.00. Following the transaction, the director directly owned 346,942 shares of the company's stock, valued at approximately $451,024.60. This trade represents a 6.12% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.08% of the stock is owned by corporate insiders.

About i-80 Gold

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.

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