i-80 Gold (TSE:IAU) Shares Down 3.7% - What's Next?

Key Points

• i-80 Gold Corp. shares decreased by 3.7% on Tuesday, with stock trading at C$0.79 after previously closing at C$0.82.
• The company's market cap is C$211.14 million, featuring a price-to-earnings ratio of -1.46 and a significant debt-to-equity ratio of 40.07.
• i-80 Gold aims to become a mid-tier gold producer in Nevada by developing new mining operations and improving its growth platform.

Shares of i-80 Gold Corp. (TSE:IAU - Get Free Report) traded down 3.7% on Tuesday . The stock traded as low as C$0.79 and last traded at C$0.79. 1,076,405 shares changed hands during mid-day trading, an increase of 63% from the average session volume of 661,602 shares. The stock had previously closed at C$0.82.

i-80 Gold Stock Up 5.3%

The company has a current ratio of 0.33, a quick ratio of 1.57 and a debt-to-equity ratio of 40.07. The company has a market capitalization of C$213.82 million, a PE ratio of -1.48 and a beta of 1.79. The firm has a 50 day simple moving average of C$0.85 and a two-hundred day simple moving average of C$0.87.

About i-80 Gold

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.