Integra Resources (CVE:ITR) Stock Price Up 10.5% – Should You Buy?

Shares of Integra Resources Corp. (CVE:ITR) shot up 10.5% during mid-day trading on Thursday . The stock 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.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. Cormark lifted their price objective on Integra Resources from C$4.00 to C$5.00 and gave the company a “buy” rating in a research report on Monday, November 11th. Desjardins raised shares of Integra Resources to a “moderate buy” rating in a research note on Thursday, October 31st.

Integra Resources Stock Up 3.8 %

The firm has a 50-day moving average of C$1.27 and a two-hundred day moving average of C$1.32. 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 firm has a market capitalization of C$121.19 million, a PE ratio of -2.80 and a beta of 1.37.

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.