Integra Resources (CVE:ITR) Hits New 52-Week Low – Time to Sell?

Integra Resources Corp. (CVE:ITR)’s stock price hit a new 52-week low during mid-day trading on Thursday. The company traded as low as C$2.71 and last traded at C$2.72, with a volume of 183,425 shares trading hands. The stock had previously closed at C$3.00.

Analysts Set New Price Targets

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

Integra Resources Stock Down 10.3%

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$3.53 and a 200-day simple moving average of C$3.86. The firm has a market capitalization of C$545.73 million, a price-to-earnings ratio of 67.25 and a beta of 2.03.

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.