i-80 Gold (TSE:IAU) Trading 2% Higher - Here's What Happened

Key Points

• Price action: Shares traded up about 2% to C$2.05 (intraday high C$2.09) on Thursday with ~1.18M shares changing hands, roughly 38% below average volume.
• Financials: i-80 remains unprofitable—reported a quarterly loss of C($0.07) per share, a negative net margin (195.86%) and negative ROE, and carries a high debt-to-equity ratio of 50.38.
• Business plan: The Nevada-focused miner aims to become a mid-tier gold producer by developing four new open pit and underground operations to feed its central Lone Tree processing complex (including an autoclave).

Shares of i-80 Gold Corp. (TSE:IAU - Get Free Report) traded up 2% during mid-day trading on Thursday . The stock traded as high as C$2.09 and last traded at C$2.05. 1,175,696 shares traded hands during trading, a decline of 38% from the average session volume of 1,900,421 shares. The stock had previously closed at C$2.01.

i-80 Gold Stock Up 2.0%

The company's fifty day moving average price is C$2.26 and its 200-day moving average price is C$2.03. The stock has a market capitalization of C$1.74 billion, a PE ratio of -6.83 and a beta of 2.35. 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 (TSE:IAU - Get Free Report) last announced its quarterly earnings results on Friday, February 20th. The company reported C($0.07) earnings per share for the quarter. The firm had revenue of C$27.75 million for the quarter. i-80 Gold had a negative net margin of 195.86% and a negative return on equity of 47.93%. Analysts forecast that i-80 Gold Corp. will post 0.0264607 earnings per share for the current year.

i-80 Gold Company Profile

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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