i-80 Gold (NYSE:IAUX) Director Ronald Butler, Jr. Purchases 17,730 Shares

i-80 Gold Corp. (NYSE:IAUX) Director Ronald Butler, Jr. bought 17,730 shares of the business’s stock in a transaction dated Wednesday, March 25th. The shares were bought at an average cost of $1.41 per share, for a total transaction of $24,999.30. Following the completion of the transaction, the director directly owned 50,530 shares of the company’s stock, valued at $71,247.30. This trade represents a 54.05% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link.

i-80 Gold Trading Up 1.6%

Shares of i-80 Gold stock traded up $0.03 on Friday, reaching $1.58. 9,348,226 shares of the company were exchanged, compared to its average volume of 14,782,660. The stock has a fifty day moving average price of $1.69 and a 200-day moving average price of $1.46. The firm has a market capitalization of $1.36 billion, a price-to-earnings ratio of -4.37 and a beta of 1.25. The company has a current ratio of 0.33, a quick ratio of 0.22 and a debt-to-equity ratio of 0.19. i-80 Gold Corp. has a fifty-two week low of $0.48 and a fifty-two week high of $2.24.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of IAUX. Cypress Wealth Services LLC acquired a new position in i-80 Gold during the fourth quarter valued at $25,000. Banco BTG Pactual S.A. acquired a new position in i-80 Gold during the second quarter valued at $25,000. State of Wisconsin Investment Board acquired a new position in i-80 Gold during the fourth quarter valued at $27,000. Heck Capital Advisors LLC acquired a new position in i-80 Gold during the third quarter valued at $28,000. Finally, Sovereign Financial Group Inc. raised its position in i-80 Gold by 87.9% during the third quarter. Sovereign Financial Group Inc. now owns 31,245 shares of the company’s stock valued at $30,000 after buying an additional 14,618 shares during the period. 61.31% of the stock is owned by institutional investors and hedge funds.

i-80 Gold Company Profile

i-80 Gold Corp. is a Canadian-focused gold exploration, development and production company with a strategic emphasis on precious metal assets in the state of Nevada, USA. The company pursues a district-scale approach, seeking to consolidate under-explored gold belts and advance resource-stage projects toward commercial production. Its core objective is to build a balanced portfolio of operating and development assets that generate cash flow while supporting ongoing exploration.

The company’s flagship asset is the 100%-owned Ruby Hill complex in Humboldt County, Nevada, which encompasses multiple gold and silver deposits at various stages of technical study and permitting.