Integra Resources (CVE:ITR) Shares Down 3.5% – Here’s Why

Integra Resources Corp. (CVE:ITR) shares dropped 3.5% during trading on Tuesday. The stock traded as low as C$3.49 and last traded at C$3.58. Approximately 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 target price on Integra Resources and gave the stock a “buy” rating in a report on Monday, September 21st. One analyst has rated the stock with a Strong Buy rating and four have given a Buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Buy” and an average price target of C$8.75.

Integra Resources Trading Up 3.0%

The company has a market cap of C$689.77 million, a P/E ratio of 85.00 and a beta of 2.13. The stock’s 50-day moving average is C$3.79 and its two-hundred day moving average is C$3.64. The company has a debt-to-equity ratio of 11.70, a current ratio of 5.31 and a quick ratio of 1.49.

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