Integra Resources (CVE:ITR) Stock Price Up 13.4% – Still a Buy?

Integra Resources Corp. (CVE:ITR) shares rose 13.4% during mid-day trading on Thursday . The company traded as high as C$1.38 and last traded at C$1.35. Approximately 729,174 shares traded hands during mid-day trading, an increase of 219% from the average daily volume of 228,397 shares. The stock had previously closed at C$1.19.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ITR. Desjardins raised shares of Integra Resources to a “moderate buy” rating in a report on Thursday, October 31st. Cormark upped their price objective 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.

Integra Resources Trading Up 3.8 %

The firm has a market capitalization of C$121.19 million, a P/E ratio of -2.80 and a beta of 1.37. The stock’s 50-day simple moving average is C$1.27 and its two-hundred day simple moving average is C$1.32. The company has a debt-to-equity ratio of 29.05, a current ratio of 1.06 and a quick ratio of 1.49.

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.