Integra Resources (CVE:ITR) Shares Up 3.2% – Time to Buy?

Integra Resources Corp. (CVE:ITR) shot up 3.2% during mid-day trading on Thursday . The stock traded as high as C$3.62 and last traded at C$3.56. 375,067 shares traded hands during trading, a decline of 5% from the average session volume of 396,873 shares. The stock had previously closed at C$3.45.

Analyst Ratings Changes

Separately, Raymond James Financial increased their target price on Integra Resources from C$8.00 to C$9.00 and gave the company an “outperform” rating in a research report on Tuesday, February 10th. One analyst has rated the stock with a Strong Buy rating and three have given a Buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Buy” and an average price target of C$8.75.

Integra Resources Price Performance

The company has a current ratio of 4.96, a quick ratio of 1.49 and a debt-to-equity ratio of 13.50. The stock has a market cap of C$669.45 million, a price-to-earnings ratio of 82.75 and a beta of 1.88. The stock has a 50-day moving average price of C$3.82 and a two-hundred day moving average price of C$4.71.

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.