Integra Resources (CVE:ITR) Trading 10.5% Higher – Still a Buy?

Integra Resources Corp. (CVE:ITR)’s stock price traded up 10.5% during mid-day trading on Thursday . The stock traded as high as C$1.32 and last traded at C$1.32. 342,603 shares traded hands during trading, an increase of 74% from the average session volume of 196,620 shares. The stock had previously closed at C$1.19.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the company. Cormark upped their target price on 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 Stock Up 14.3 %

The business has a fifty day moving average price of C$1.27 and a two-hundred day moving average price of C$1.32. The company has a debt-to-equity ratio of 29.05, a current ratio of 1.06 and a quick ratio of 1.49. The firm has a market capitalization of C$120.31 million, a price-to-earnings ratio of -2.78 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.