Pekin Hardy Strauss Inc. Invests $320,000 in i-80 Gold Corp. $IAUX

Pekin Hardy Strauss Inc. purchased a new position in i-80 Gold Corp. (NYSE:IAUX) in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 335,000 shares of the company’s stock, valued at approximately $320,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. bought a new position in i-80 Gold during the 3rd quarter worth approximately $22,877,000. Equinox Partners Investment Management LLC acquired a new stake in shares of i-80 Gold during the 2nd quarter valued at approximately $6,909,000. Monaco Asset Management SAM bought a new position in i-80 Gold during the second quarter worth $6,503,000. NewGen Equity Long Short Fund acquired a new position in i-80 Gold in the second quarter worth $5,206,000. Finally, NewGen Asset Management Ltd acquired a new position in i-80 Gold in the second quarter worth $5,206,000. Institutional investors and hedge funds own 61.31% of the company’s stock.

Insider Buying and Selling at i-80 Gold

In other i-80 Gold news, Director John William Seaman acquired 20,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 9th. The shares were purchased at an average price of $1.30 per share, for a total transaction of $26,000.00. Following the completion of the purchase, the director directly owned 346,942 shares in the company, valued at $451,024.60. The trade was a 6.12% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. 2.08% of the stock is currently owned by corporate insiders.

i-80 Gold Stock Down 3.6%

IAUX stock opened at $1.88 on Friday. The firm has a market cap of $1.56 billion, a price-to-earnings ratio of -5.22 and a beta of 1.18. i-80 Gold Corp. has a 1-year low of $0.48 and a 1-year high of $2.24. The firm has a fifty day moving average price of $1.68 and a two-hundred day moving average price of $1.20. The company has a debt-to-equity ratio of 0.19, a current ratio of 0.33 and a quick ratio of 0.22.

i-80 Gold Company Profile

i-80 Gold Corp. is a Canadian-focused gold exploration, development and production company with a strategic emphasis on precious metal assets in the state of Nevada, USA. The company pursues a district-scale approach, seeking to consolidate under-explored gold belts and advance resource-stage projects toward commercial production. Its core objective is to build a balanced portfolio of operating and development assets that generate cash flow while supporting ongoing exploration.

The company’s flagship asset is the 100%-owned Ruby Hill complex in Humboldt County, Nevada, which encompasses multiple gold and silver deposits at various stages of technical study and permitting.