Integra Resources (CVE:ITR) Reaches New 12-Month High – Here’s What Happened

Integra Resources Corp. (CVE:ITR) hit a new 52-week high during trading on Monday . The stock traded as high as C$6.00 and last traded at C$5.93, with a volume of 37535 shares traded. The stock had previously closed at C$5.94.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ITR. Roth Capital raised shares of Integra Resources to a “strong-buy” rating in a research note on Monday, December 8th. Raymond James Financial raised their price objective on shares of Integra Resources from C$4.25 to C$5.50 in a research report on Friday, October 10th. One equities research analyst has rated the stock with a Strong Buy rating, Based on data from MarketBeat.com, the stock currently has an average rating of “Strong Buy” and a consensus price target of C$5.00.

Integra Resources Price Performance

The firm has a market capitalization of C$990.43 million, a P/E ratio of 39.00 and a beta of 1.43. The business’s 50-day simple moving average is C$4.43 and its 200 day simple moving average is C$3.30. The company has a quick ratio of 1.49, a current ratio of 0.82 and a debt-to-equity ratio of 35.54.

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.