Integra Resources (CVE:ITR) Trading 1.6% Higher – Here’s Why

Integra Resources Corp. (CVE:ITR) traded up 1.6% during mid-day trading on Thursday . The company traded as high as C$1.27 and last traded at C$1.27. 169,143 shares changed hands during trading, an increase of 51% from the average session volume of 112,305 shares. The stock had previously closed at C$1.25.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. Cormark raised their price objective on shares of Integra Resources from C$4.00 to C$5.00 and gave the stock a “buy” rating in a report on Monday, November 11th. Desjardins upgraded shares of Integra Resources to a “moderate buy” rating in a report on Thursday, October 31st.

Integra Resources Price Performance

The business’s 50-day moving average price is C$1.40 and its 200 day moving average price is C$1.31. The company has a market capitalization of C$112.34 million, a P/E ratio of -2.59 and a beta of 1.37. The company has a quick ratio of 1.49, a current ratio of 1.06 and a debt-to-equity ratio of 29.05.

About Integra Resources

Integra Resources Corp., a precious metals exploration and development company, engages in the acquisition, exploration, and development of mineral properties in the Great Basin of the Western United States. The company explores for gold and silver deposits. It primarily focuses on developing DeLamar Project located in southwestern Idaho; and the Wildcat and Mountain View Projects located in western Nevada.