Integra Resources (CVE:ITR) Reaches New 1-Year Low – Here’s Why

Shares of Integra Resources Corp. (CVE:ITR) reached a new 52-week low on Tuesday. The stock traded as low as C$2.79 and last traded at C$2.81, with a volume of 255,296 shares traded. The stock had previously closed at C$2.94.

Wall Street Analyst Weigh In

Separately, Ventum Capital set a C$8.75 price objective on shares of 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 issued a Buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of C$8.75.

Integra Resources Price Performance

The stock has a market cap of C$570.07 million, a PE ratio of 70.25 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. The firm’s 50 day moving average price is C$3.65 and its two-hundred day moving average price is C$3.96.

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