NewGen Equity Long Short Fund Invests $5.21 Million in i-80 Gold Corp. $IAUX

NewGen Equity Long Short Fund acquired a new position in shares of i-80 Gold Corp. (NYSE:IAUX) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 8,699,284 shares of the company’s stock, valued at approximately $5,206,000. i-80 Gold comprises approximately 3.1% of NewGen Equity Long Short Fund’s holdings, making the stock its 13th biggest position.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. McAdam LLC increased its position in i-80 Gold by 81.8% in the 2nd quarter. McAdam LLC now owns 53,422 shares of the company’s stock worth $32,000 after purchasing an additional 24,040 shares during the last quarter. Clear Harbor Asset Management LLC grew its stake in shares of i-80 Gold by 48.5% in the 2nd quarter. Clear Harbor Asset Management LLC now owns 53,655 shares of the company’s stock valued at $32,000 after buying an additional 17,533 shares in the last quarter. Wealthcare Advisory Partners LLC increased its holdings in i-80 Gold by 257.6% in the second quarter. Wealthcare Advisory Partners LLC now owns 67,018 shares of the company’s stock worth $40,000 after buying an additional 48,279 shares during the last quarter. Atria Wealth Solutions Inc. bought a new position in i-80 Gold during the first quarter valued at approximately $59,000. Finally, Rathbones Group PLC lifted its stake in i-80 Gold by 113.8% in the first quarter. Rathbones Group PLC now owns 112,740 shares of the company’s stock valued at $66,000 after acquiring an additional 60,000 shares during the last quarter. Hedge funds and other institutional investors own 61.31% of the company’s stock.

i-80 Gold Stock Performance

IAUX stock opened at $1.05 on Wednesday. The firm has a 50 day moving average of $0.97 and a two-hundred day moving average of $0.75. i-80 Gold Corp. has a 12 month low of $0.45 and a 12 month high of $1.15. The company has a market capitalization of $840.05 million, a price-to-earnings ratio of -2.92 and a beta of 1.26. The company has a quick ratio of 0.22, a current ratio of 0.33 and a debt-to-equity ratio of 0.19.

i-80 Gold Company Profile

i-80 Gold Corp. is a mining company, engages in the exploration, development and production of gold and silver mineral deposits principally in the United States. i-80 Gold Corp. is based in Reno, Nevada.