Crispr Therapeutics shares tumble after significant earnings miss
In a recent transaction, Ryan Snow, the Chief Financial Officer of i-80 Gold Corp. (NYSE:IAUX), acquired a total of 35,000 common shares. This purchase was made at an average price of $0.5541 per share, amounting to an investment of approximately $19,393. The stock, currently trading at $0.76, has shown strong momentum with a remarkable 59.57% gain year-to-date, though InvestingPro analysis indicates the shares are slightly overvalued at current levels. Following this acquisition, Snow’s total holdings in the company increased to 165,000 shares. The transaction, dated February 28, 2025, reflects Snow’s direct ownership in the company. With a market capitalization of $338 million and its next earnings report due on March 18, investors can access deeper insights and additional ProTips through InvestingPro’s comprehensive research report.
In other recent news, i-80 Gold Corp. has entered into a decade-long Offtake Agreement with OMF Fund III (HG) Ltd., covering its Granite Creek and Ruby Hill projects. This agreement, effective until December 31, 2034, allows the purchaser to begin acquiring 20% of the refined gold and silver from these projects starting December 28, 2028. Additionally, the company has announced a subscription agreement with certain investors, although specific details regarding the investment amount remain undisclosed. In a significant financial move, i-80 Gold Corp. has increased its public offering from $10 million to $20 million, with plans to use the proceeds for working capital and general corporate purposes. The company has also deferred its gold and silver deliveries initially scheduled for December 2024 and January 2025, respectively, to March 31, 2025, as part of its recapitalization plan. These deferrals are supported by amended agreements with Orion Mine Finance, which also involve issuing common share purchase warrants. Furthermore, i-80 Gold Corp. reported a material change on SEDAR+, though the specifics were not detailed. Lastly, Greg Smith has stepped down from the Board of Directors following Equinox Gold Corp (NYSE:EQX).’s divestiture of i-80 Gold shares.
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