Integra Resources (CVE:ITR) Shares Down 15.6%

Integra Resources Corp. (CVE:ITR)’s stock price traded down 15.6% during mid-day trading on Monday . The stock traded as low as C$1.23 and last traded at C$1.24. 345,000 shares changed hands during mid-day trading, an increase of 242% from the average session volume of 100,849 shares. The stock had previously closed at C$1.47.

Analyst Ratings Changes

A number of brokerages have weighed in on ITR. Raymond James lowered their price target on Integra Resources from C$2.75 to C$2.50 in a research report on Wednesday, May 15th. Stifel Nicolaus decreased their target price on Integra Resources from C$4.25 to C$4.00 in a report on Friday, April 19th. Finally, Ventum Financial cut their price target on Integra Resources from C$3.05 to C$3.00 in a report on Tuesday, May 28th.

Integra Resources Stock Down 14.3 %

The stock has a market cap of C$111.46 million, a P/E ratio of -1.77 and a beta of 1.30. The firm has a 50-day simple moving average of C$1.28 and a two-hundred day simple moving average of C$1.15. The company has a current ratio of 0.59, a quick ratio of 1.49 and a debt-to-equity ratio of 27.85.

Integra Resources (CVE:ITR) last released its earnings results on Tuesday, May 14th. The company reported C($0.10) earnings per share for the quarter, missing analysts’ consensus estimates of C($0.06) by C($0.04). Equities research analysts expect that Integra Resources Corp. will post -0.15 earnings per share for the current fiscal year.

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.