Director Yopps Steven W. initiates new position in IAUX, buying 50.0K shares at $1.47 for $73.5K total with stock down -34.8% from 52-week high.
Director Yopps Steven W. initiated a brand-new position in i-80 Gold Corp. (IAUX), purchasing 50,000 shares at $1.47 per share for a total of $73,500.00, moving from 0 shares to 50,000 shares post-transaction. The purchase comes as the stock sits -34.8% below its 52-week high of $2.24 and has declined -12.0% over the past 30 days and -23.2% over 90 days. The company reported quarterly revenue of $52,390,000.00 but posted a net loss of $-78,601,000.00, and was unprofitable over its most recent full fiscal year, though annual revenue growth was +89.1%. A director opening a fresh position of this size during a sustained price decline and against a backdrop of significant net losses is a notable data point for investors monitoring insider activity at IAUX.