Insider Selling: i-80 Gold (NYSE:IAUX) Director Sells 24,356 Shares of Stock

by · The Markets Daily

i-80 Gold Corp. (NYSE:IAUX – Get Free Report) Director John Arthur Begeman sold 24,356 shares of the firm’s stock in a transaction on Thursday, May 28th. The shares were sold at an average price of $1.59, for a total transaction of $38,726.04. Following the transaction, the director directly owned 827,354 shares of the company’s stock, valued at $1,315,492.86. The trade was a 2.86% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link.

i-80 Gold Price Performance

NYSE IAUX traded down $0.04 during trading on Monday, hitting $1.59. 2,372,764 shares of the stock traded hands, compared to its average volume of 13,822,600. The firm has a 50-day simple moving average of $1.54 and a 200-day simple moving average of $1.56. i-80 Gold Corp. has a 12-month low of $0.51 and a 12-month high of $2.24. The company has a quick ratio of 0.22, a current ratio of 0.33 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $1.36 billion, a P/E ratio of -4.37 and a beta of 1.12.

Institutional Trading of i-80 Gold

A number of large investors have recently made changes to their positions in the business. Rathbones Group PLC increased its holdings in shares of i-80 Gold by 5.1% in the 4th quarter. Rathbones Group PLC now owns 123,740 shares of the company’s stock worth $181,000 after buying an additional 6,000 shares during the last quarter. Bank of Montreal Can increased its position in shares of i-80 Gold by 1.1% during the 4th quarter. Bank of Montreal Can now owns 841,225 shares of the company’s stock valued at $1,238,000 after purchasing an additional 9,175 shares during the last quarter. Commonwealth Equity Services LLC increased its position in shares of i-80 Gold by 4.5% during the 4th quarter. Commonwealth Equity Services LLC now owns 246,655 shares of the company’s stock valued at $360,000 after purchasing an additional 10,518 shares during the last quarter. Murphy Pohlad Asset Management LLC increased its position in shares of i-80 Gold by 6.4% during the 3rd quarter. Murphy Pohlad Asset Management LLC now owns 198,800 shares of the company’s stock valued at $190,000 after purchasing an additional 12,000 shares during the last quarter. Finally, LPL Financial LLC increased its position in shares of i-80 Gold by 3.1% during the 4th quarter. LPL Financial LLC now owns 429,440 shares of the company’s stock valued at $627,000 after purchasing an additional 13,000 shares during the last quarter. 61.31% of the stock is currently owned by institutional investors.

About i-80 Gold

(Get Free Report)

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.

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