i-80 Gold (TSE:IAU) Sets New 52-Week High – Here’s What Happened

i-80 Gold Corp. (TSE:IAU)’s stock price reached a new 52-week high during trading on Friday . The company traded as high as C$1.62 and last traded at C$1.62, with a volume of 539523 shares traded. The stock had previously closed at C$1.51.

i-80 Gold Stock Up 7.9%

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 business has a 50-day simple moving average of C$1.38 and a two-hundred day simple moving average of C$1.07. The stock has a market capitalization of C$1.35 billion, a P/E ratio of -7.41 and a beta of 1.96.

i-80 Gold (TSE:IAU) last released its quarterly earnings results on Wednesday, November 12th. The company reported C($0.04) EPS for the quarter. i-80 Gold had a negative net margin of 231.43% and a negative return on equity of 27.76%. The company had revenue of C$44.58 million for the quarter. Equities research analysts forecast that i-80 Gold Corp. will post 0.0264607 earnings per share for the current fiscal year.

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.