Integra Resources (CVE:ITR) Stock Falls 3.5% – Time to Sell?

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

Analyst Upgrades and Downgrades

Separately, Ventum Capital set a C$8.75 target price on Integra Resources and gave the stock a “buy” rating in a research note on Monday, September 21st. One analyst has rated the stock with a Strong Buy rating and four have issued a Buy rating to the company’s stock. According to MarketBeat.com, Integra Resources has an average rating of “Buy” and a consensus price target of C$8.75.

Integra Resources Stock Down 3.5%

The company has a fifty day moving average price of C$3.79 and a 200 day moving average price of C$3.64. The company has a market cap of C$726.29 million, a PE ratio of 89.50 and a beta of 2.13. 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.