i-80 Gold (TSE:IAU) Trading Up 3.8% – Still a Buy?

i-80 Gold Corp. (TSE:IAU) shares were up 3.8% on Monday . The company traded as high as C$1.40 and last traded at C$1.37. Approximately 2,272,294 shares traded hands during mid-day trading, an increase of 224% from the average daily volume of 700,781 shares. The stock had previously closed at C$1.32.

i-80 Gold Stock Up 3.8%

The business’s 50 day simple moving average is C$1.09 and its 200 day simple moving average is C$0.92. The company has a quick ratio of 1.57, a current ratio of 0.33 and a debt-to-equity ratio of 40.07. The company has a market capitalization of C$1.12 billion, a PE ratio of -4.57 and a beta of 1.83.

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.