Integra Resources (CVE:ITR) Shares Down 2.3% – Here’s Why

Shares of Integra Resources Corp. (CVE:ITR) dropped 2.3% during trading on Friday . The company traded as low as C$3.84 and last traded at C$3.90. 114,012 shares changed hands during trading, a decline of 71% from the average daily volume of 388,021 shares. The stock had previously closed at C$3.99.

Integra Resources Stock Down 2.3%

The company has a current ratio of 5.31, a quick ratio of 1.49 and a debt-to-equity ratio of 11.70. The company has a market capitalization of C$791.20 million, a price-to-earnings ratio of 97.50 and a beta of 2.18. The firm’s fifty day simple moving average is C$3.42 and its two-hundred day simple moving average is C$3.84.

Insider Activity at Integra Resources

In other Integra Resources news, Director George Salamis acquired 25,000 shares of the firm’s stock in a transaction that occurred on Monday, July 13th. The shares were purchased at an average cost of C$2.99 per share, for a total transaction of C$74,750.00. Following the completion of the acquisition, the director owned 820,737 shares of the company’s stock, valued at approximately C$2,454,003.63. The trade was a 3.14% increase in their position. Insiders own 17.78% of the company’s stock.

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.