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

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

Analyst Ratings Changes

Separately, Ventum Capital set a C$8.75 target price on shares of Integra Resources and gave the stock a “buy” rating in a research note on Monday, September 21st. One investment analyst has rated the stock with a Strong Buy rating and four have assigned a Buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of C$8.75.

Integra Resources Price Performance

The firm has a market capitalization of C$570.07 million, a P/E ratio of 70.25 and a beta of 2.13. The company has a debt-to-equity ratio of 11.70, a quick ratio of 1.49 and a current ratio of 5.31. The business has a 50 day simple moving average of C$3.65 and a two-hundred day simple moving average of 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.