i-80 Gold (TSE:IAU) Trading Down 1.1% - Time to 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 - ) traded down 1.1% on Wednesday . The company traded as low as C$0.94 and last traded at C$0.94. 293,903 shares changed hands during trading, a decline of 56% from the average session volume of 667,687 shares. The stock had previously closed at C$0.95.

i-80 Gold Trading Down 1.1%

The business has a 50 day simple moving average of C$0.87 and a two-hundred day simple moving average of C$0.88. The stock has a market cap of C$251.23 million, a price-to-earnings ratio of -1.73 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.

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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