Integra Resources (CVE:ITR) Trading 13.4% Higher – Here’s Why

Integra Resources Corp. (CVE:ITR)’s share price shot up 13.4% during mid-day trading on Thursday . The company traded as high as C$1.38 and last traded at C$1.35. 729,174 shares traded hands during mid-day trading, an increase of 219% from the average session volume of 228,397 shares. The stock had previously closed at C$1.19.

Analyst Ratings Changes

ITR has been the topic of a number of analyst reports. Cormark boosted their price objective on shares of Integra Resources from C$4.00 to C$5.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Desjardins raised Integra Resources to a “moderate buy” rating in a research report on Thursday, October 31st.

Integra Resources Price Performance

The firm’s fifty day simple moving average is C$1.27 and its 200-day simple moving average is C$1.32. The company has a quick ratio of 1.49, a current ratio of 1.06 and a debt-to-equity ratio of 29.05. The firm has a market capitalization of C$121.19 million, a PE ratio of -2.80 and a beta of 1.37.

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.