Integra Resources (CVE:ITR) Stock Price Up 10.5% - Here's What Happened

Integra Resources Corp. (CVE:ITR - Get Free Report) shares traded up 10.5% during mid-day trading on Thursday . The company traded as high as C$1.32 and last traded at C$1.32. 342,603 shares changed 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 Analysts Forecast Growth

ITR has been the subject of several research analyst reports. Cormark lifted their target price on Integra Resources from C$4.00 to C$5.00 and gave the stock a "buy" rating in a research report on Monday, November 11th. Desjardins upgraded shares of Integra Resources to a "moderate buy" rating in a report on Thursday, October 31st.

Integra Resources Stock Up 3.8 %

The firm has a market cap of C$121.19 million, a P/E ratio of -2.80 and a beta of 1.37. The company has a current ratio of 1.06, a quick ratio of 1.49 and a debt-to-equity ratio of 29.05. The business has a 50-day moving average price of C$1.27 and a 200-day moving average price of C$1.32.

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.