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

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

Wall Street Analysts Forecast Growth

ITR has been the topic of a number of recent research reports. Cormark upped their target price on Integra Resources from C$4.00 to C$5.00 and gave the stock a “buy” rating in a research note on Monday, November 11th. Desjardins upgraded Integra Resources to a “moderate buy” rating in a research note on Thursday, October 31st.

Integra Resources Stock Up 14.3 %

The company has a market cap of C$120.31 million, a PE ratio of -2.78 and a beta of 1.37. The business has a 50-day simple moving average of C$1.27 and a 200-day simple moving average of C$1.32. The company has a quick ratio of 1.49, a current ratio of 1.06 and a debt-to-equity ratio of 29.05.

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.