i-80 Gold (TSE:IAU) Hits New 52-Week High – What’s Next?

Shares of i-80 Gold Corp. (TSE:IAU) reached a new 52-week high on Monday . The stock traded as high as C$2.34 and last traded at C$2.26, with a volume of 218953 shares traded. The stock had previously closed at C$2.21.

i-80 Gold Price Performance

The firm has a market capitalization of C$2.00 billion, a P/E ratio of -11.00 and a beta of 1.65. The business’s 50-day simple moving average is C$1.87 and its 200 day simple moving average is C$1.39. The company has a quick ratio of 1.57, a current ratio of 0.33 and a debt-to-equity ratio of 40.07.

i-80 Gold (TSE:IAU) last announced its quarterly earnings data on Wednesday, November 12th. The company reported C($0.04) earnings per share 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 during the quarter. Sell-side analysts forecast that i-80 Gold Corp. will post 0.0264607 earnings per share for the current 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.