Does i-80 Gold Corp (IAUX)’s Current Price Volatility Hinder Its Future Potential?

i-80 Gold Corp (AMEX:IAUX) has a beta value of 1.23 and has seen 2.34 million shares traded in the last trading session. The IAUX stock price is -80.77% off its 52-week high price of $1.88 and 26.92% above the 52-week low of $0.76. If we look at the company’s 10-day average daily trading volume, we find that it stood at 4.44 million shares traded. The 3-month trading volume is 4.99 million shares.

i-80 Gold Corp (AMEX:IAUX) trade information

Over the past 30 days, the shares of i-80 Gold Corp (AMEX:IAUX) have changed -8.77%. Short interest in the company has seen 30.15 million shares shorted with days to cover at 4.72.

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i-80 Gold Corp (IAUX) estimates and forecasts

Figures show that i-80 Gold Corp shares have outperformed across the wider relevant industry. The company’s shares have lost -14.05% over the past 6 months, with this year growth rate of 50.00%, compared to 20.30% for the industry.

IAUX Dividends

i-80 Gold Corp is expected to release its next earnings report in December this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

i-80 Gold Corp (AMEX:IAUX)’s Major holders

Insiders own 2.35% of the company shares, while shares held by institutions stand at 55.45% with a share float percentage of 56.78%. Investors are also buoyed by the number of investors in a company, with i-80 Gold Corp having a total of 177.0 institutions that hold shares in the company. The top two institutional holders are ORION RESOURCE PARTNERS LP with over 25.92 million shares worth more than $27.99 million. As of 2024-06-30, ORION RESOURCE PARTNERS LP held 8.4886% of shares outstanding.

The other major institutional holder is MMCAP INTERNATIONAL INC. SPC, with the holding of over 18.97 million shares as of 2024-06-30. The firm’s total holdings are worth over $19.84 million and represent 6.214% of shares outstanding.