Integra Resources (CVE:ITR) Stock Price Down 3.5% – Here’s What Happened

Integra Resources Corp. (CVE:ITR) shares fell 3.5% during mid-day trading on Tuesday. The stock traded as low as C$3.49 and last traded at C$3.58. 220,889 shares traded hands during trading, a decline of 39% from the average daily volume of 360,101 shares. The stock had previously closed at C$3.71.

Analyst Ratings Changes

Separately, Ventum Capital set a C$8.75 price objective on shares of Integra Resources and gave the stock a “buy” rating in a research report on Monday, September 21st. One equities research analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Buy” and an average price target of C$8.75.

Integra Resources Trading Down 3.5%

The company has a debt-to-equity ratio of 11.70, a quick ratio of 1.49 and a current ratio of 5.31. The firm has a market cap of C$726.29 million, a P/E ratio of 89.50 and a beta of 2.13. The business’s fifty day moving average is C$3.79 and its 200-day moving average is C$3.64.

Integra Resources Company Profile

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. It also holds a portfolio of early-stage exploration projects in Idaho, Nevada, and Arizona.