i-80 Gold Corp. (NYSE:IAUX – Get Free Report) Director John Arthur Begeman sold 24,356 shares of the company’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $1.59, for a total value of $38,726.04. Following the sale, the director owned 827,354 shares of the company’s stock, valued at approximately $1,315,492.86. This trade represents a 2.86% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.
i-80 Gold Stock Performance
IAUX stock traded down $0.04 during midday trading on Monday, reaching $1.59. 2,372,764 shares of the company’s stock traded hands, compared to its average volume of 13,822,600. i-80 Gold Corp. has a 52-week low of $0.51 and a 52-week high of $2.24. The stock has a market cap of $1.36 billion, a P/E ratio of -4.37 and a beta of 1.12. The company has a current ratio of 0.33, a quick ratio of 0.22 and a debt-to-equity ratio of 0.19. The stock’s 50-day moving average is $1.54 and its 200 day moving average is $1.56.
Institutional Trading of i-80 Gold
Hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. purchased a new stake in shares of i-80 Gold during the third quarter worth about $22,877,000. Amundi grew its position in shares of i-80 Gold by 8,598.4% during the fourth quarter. Amundi now owns 10,872,975 shares of the company’s stock worth $15,875,000 after purchasing an additional 10,747,975 shares in the last quarter. Tidal Investments LLC grew its position in shares of i-80 Gold by 152.2% during the third quarter. Tidal Investments LLC now owns 10,563,944 shares of the company’s stock worth $10,093,000 after purchasing an additional 6,375,073 shares in the last quarter. Jane Street Group LLC grew its position in shares of i-80 Gold by 1,595.1% during the second quarter. Jane Street Group LLC now owns 4,091,149 shares of the company’s stock worth $2,525,000 after purchasing an additional 3,849,793 shares in the last quarter. Finally, McAlvany Wealth Management LLC purchased a new stake in shares of i-80 Gold during the first quarter worth about $3,536,000. 61.31% of the stock is owned by hedge funds and other institutional investors.
About i-80 Gold
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.
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