i-80 Gold (TSE:IAU) Stock Price Down 1.1% - Should You Sell?

Key Points

• i-80 Gold Corp. shares traded down 1.1% on Wednesday, falling to C$0.94 with a volume decline of 56% compared to the average session.
• The company has a market cap of C$251.23 million and aims to become a mid-tier gold producer through the development of multiple mining operations.
• i-80 Gold carries a negative price-to-earnings ratio of -1.73 and a high debt-to-equity ratio of 40.07, indicating financial distress.

i-80 Gold Corp. (TSE:IAU - Get Free Report) shares were down 1.1% during trading on Wednesday . The company traded as low as C$0.94 and last traded at C$0.94. Approximately 293,903 shares changed hands during mid-day trading, a decline of 56% from the average daily volume of 667,687 shares. The stock had previously closed at C$0.95.

i-80 Gold Stock Up 3.8%

The company has a market capitalization of C$288.65 million, a P/E ratio of -1.99 and a beta of 1.79. 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 stock has a 50 day moving average price of C$0.88 and a 200 day moving average price of C$0.88.

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.