i-80 Gold (TSE:IAU) Trading 0.8% Higher - Here's Why

Key Points

• i-80 Gold Corp. shares rose by 0.8% during trading on Thursday, reaching a high of C$1.29 before closing at C$1.27.
• The company has a market capitalization of C$1.04 billion and a price-to-earnings ratio of -4.23, indicating it is currently in a loss position.
• i-80 Gold is focused on becoming a mid-tier gold producer in Nevada through the development of four new mining operations aimed at processing ore at its central Lone Tree complex.

i-80 Gold Corp. (TSE:IAU - )'s stock price traded up 0.8% during trading on Thursday . The stock traded as high as C$1.29 and last traded at C$1.27. 541,815 shares traded hands during trading, a decline of 19% from the average session volume of 666,365 shares. The stock had previously closed at C$1.26.

i-80 Gold Stock Performance

The company has a quick ratio of 1.57, a current ratio of 0.33 and a debt-to-equity ratio of 40.07. The stock has a market cap of C$1.04 billion, a price-to-earnings ratio of -4.23 and a beta of 1.49. The company's 50-day simple moving average is C$0.94 and its 200-day simple moving average is C$0.89.

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.

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