What Caused i-80 Gold Corp (AMEX: IAUX) To Rose?

i-80 Gold Corp (AMEX:IAUX) traded at $1.13 at last check on Wednesday, July 24, made an upward move of 2.73% on its previous day’s price.

Looking at the stock we see that its previous close was $1.10 . In terms of its 52-week price range, IAUX has a high of $2.15 and a low of $0.96. The company’s stock has gained about 9.71% over that past 30 days.

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i-80 Gold Corp has a market cap of $434.94 million.

Based on estimates by 2 analysts, where scores have ranged from 1.00 for a strong buy to 5.00 for a strong sell, 0 have rated the i-80 Gold Corp (IAUX) stock as a Hold, while 2 rate it as a Buy. 0 analyst(s) rate it as overweight while 0 of them rated it as underweight, whereas 0 suggest the stock as a Sell. The stock has an overall rating of Buy and investors could take advantage and scoop up stock of the company.

Looking further, we note the current price level is 4.41% off its SMA20 and 2.44% from its 50-day simple moving average. The RSI (14) is pointing at 54.20 while the volatility over the past week is 6.03% and jumps to 5.30% over the past one month. The beta value is 1.21, while the average true range (ATR) is currently pointing at 0.06.

Coming back to i-80 Gold Corp (AMEX:IAUX), we note that the average 3-month trading volume was 4.12 million, while that of the preceding 10-day period stands at 3.05 million. Current shares outstanding are 384.90 million.

The insiders hold 9.05% of the company’s shares while institutions hold 32.51%. The data shows that short shares as of 2024-06-28, stood at 25.75 million at a short ratio of 4.97. Shares short fall in June from the previous month at 27.17 million. Investors should be excited about this stock as its upside potential is great, with today’s price pushing the stock -35.80% down in year-to-date price movement.

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