i-80 Gold (TSE:IAU) Shares Up 2.7% - Here's What Happened

i-80 Gold Corp. (TSE:IAU - Get Free Report)'s share price shot up 2.7% on Friday . The company traded as high as C$0.76 and last traded at C$0.75. 502,234 shares changed hands during mid-day trading, a decline of 49% from the average session volume of 986,625 shares. The stock had previously closed at C$0.73.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Cormark upgraded i-80 Gold to a "hold" rating in a research report on Thursday, November 14th. National Bank Financial cut i-80 Gold from a "strong-buy" rating to a "hold" rating in a report on Wednesday, October 9th. Royal Bank of Canada cut their price objective on shares of i-80 Gold from C$3.00 to C$2.00 in a report on Friday, December 6th. Ventum Cap Mkts downgraded shares of i-80 Gold from a "strong-buy" rating to a "hold" rating in a report on Wednesday, November 13th. Finally, Cibc World Mkts lowered i-80 Gold from a "strong-buy" rating to a "hold" rating in a report on Monday, December 2nd. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and an average price target of C$2.95.

i-80 Gold Price Performance

The firm has a market capitalization of C$288.71 million, a PE ratio of -1.92 and a beta of 1.79. The firm's fifty day moving average price is C$1.03 and its 200 day moving average price is C$1.29. The company has a current ratio of 0.54, a quick ratio of 1.57 and a debt-to-equity ratio of 38.47.

Insider Buying and Selling at i-80 Gold

In related news, Director Richard Scott Young purchased 195,000 shares of the firm's stock in a transaction on Tuesday, November 19th. The stock was bought at an average cost of C$0.64 per share, with a total value of C$124,800.00. Over the last three months, insiders have acquired 285,150 shares of company stock valued at $184,581. 2.43% of the stock is owned by insiders.

About i-80 Gold

i-80 Gold Corp., a mining company, explores for, develops, and produces gold, silver, and polymetallic deposits in the United States. The Company's principal assets are the McCoy-Cove gold properties located in Lander County, Nevada; the Granite Creek gold project located in Humboldt County, Nevada; the Lone Tree project located within the Battle Mountain-Eureka Trend, Nevada; and the Ruby Hill mine in Eureka County, Nevada.