i-80 Gold Corp. (NYSEAMERICAN:IAUX – Get Rating)’s stock price shot up 5.4% during mid-day trading on Friday . The company traded as high as 2.54 and last traded at 2.53. 39,059 shares changed hands during trading, a decline of 71% from the average session volume of 135,459 shares. The stock had previously closed at 2.40.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on IAUX. National Bank Financial began coverage on i-80 Gold in a report on Wednesday. They set an “outperform” rating for the company. National Bank of Canada began coverage on i-80 Gold in a research report on Thursday. They set an “outperform” rating and a $4.25 price target on the stock.
i-80 Gold Stock Up 6.3 %
The company has a debt-to-equity ratio of 0.26, a current ratio of 2.26 and a quick ratio of 1.75.
About i-80 Gold
i-80 Gold Corp., a mining company, engages in the exploration, development, and production of gold and silver mineral deposits in the United States. It holds a 100% interest in the Lone Tree property covering an area of approximately 12,000 acres located in Battle Mountain-Eureka, Northern Nevada; Ruby Hill property located in Battle Mountain Trend, Northern Nevada; McCoy-Cove project covering 31,000 acres located in Battle Mountain Trend, Nevada; and Buffalo Mountain property located in Battle Mountain Trend, Northern Nevada as well as controls Granite Creek Project located in Getchell Trend, Northern Nevada.
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