Integra Resources (CVE:ITR) Trading 13.4% Higher - Here's What Happened

Integra Resources Corp. (CVE:ITR) saw its stock price rise by 13.4% during mid-day trading on Thursday. The stock reached a peak of C$1.38 and ultimately traded at C$1.35. In total, 729,174 shares exchanged hands, which is a significant increase of 219% compared to the average daily volume of 228,397 shares. This uptick in trading followed a previous closing price of C$1.19.

Wall Street Analyst Opinions

Recently, several equity analysts have commented on Integra Resources shares. Notably, Cormark increased their price target for the company from C$4.00 to C$5.00 and assigned a "buy" rating in their research released on November 11. Additionally, Desjardins upgraded shares of Integra Resources to a "moderate buy" rating in a report published on October 31.

Integra Resources Stock Overview

The company's current ratio stands at 1.06, while its quick ratio is 1.49, and the debt-to-equity ratio is notably high at 29.05. Integra Resources has a 50-day moving average of C$1.27 and a 200-day moving average of C$1.32. The company boasts a market capitalization of C$117.21 million, a PE ratio of -2.70, and a beta of 1.37.

About Integra Resources Corp.

Integra Resources Corp. is involved in the exploration and development of precious metal properties in the Great Basin region of the Western United States. The firm primarily focuses on acquiring and exploring mineral deposits of gold and silver, with key projects including the DeLamar Project in southwestern Idaho and the Wildcat and Mountain View Projects located in western Nevada.

Investment Considerations

Before deciding to invest in Integra Resources, potential investors should consider the company's current performance. Although Integra Resources has received a "buy" rating from analysts, there are additional stocks that are regarded as superior investment options by top analysts. Those interested are encouraged to explore these alternatives to make informed investment decisions.

Integra, Stocks, Mining