i-80 Gold (TSE:IAU) Trading Up 1.6% – Should You Buy?

i-80 Gold Corp. (TSE:IAU) shares traded up 1.6% on Tuesday . The stock traded as high as C$1.36 and last traded at C$1.31. 1,117,136 shares traded hands during mid-day trading, an increase of 52% from the average session volume of 733,828 shares. The stock had previously closed at C$1.29.

i-80 Gold Trading Up 1.6%

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 stock has a market capitalization of C$1.07 billion, a P/E ratio of -4.37 and a beta of 1.83. The firm’s 50 day simple moving average is C$1.27 and its two-hundred day simple moving average is C$0.99.

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.