i-80 Gold (TSE:IAU) Shares Down 6% – Here’s What Happened

i-80 Gold Corp. (TSE:IAU)’s stock price was down 6% during trading on Tuesday . The stock traded as low as C$2.36 and last traded at C$2.36. Approximately 1,242,456 shares were traded during trading, a decline of 23% from the average session volume of 1,608,269 shares. The stock had previously closed at C$2.51.

i-80 Gold Stock Performance

The company has a debt-to-equity ratio of 172.73, a current ratio of 8.63 and a quick ratio of 1.57. The firm has a market capitalization of C$2.14 billion, a P/E ratio of -7.97 and a beta of 2.45. The stock’s 50 day moving average is C$2.14 and its two-hundred day moving average is C$2.19.

About i-80 Gold

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.