Integra Resources (CVE:ITR) Shares Up 13.4% – Here’s What Happened

Shares of Integra Resources Corp. (CVE:ITR) shot up 13.4% during mid-day trading on Thursday . The stock traded as high as C$1.38 and last traded at C$1.35. 729,174 shares were traded during mid-day trading, an increase of 219% from the average session volume of 228,397 shares. The stock had previously closed at C$1.19.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ITR. Desjardins upgraded shares of Integra Resources to a “moderate buy” rating in a research note on Thursday, October 31st. Cormark upped their price objective on Integra Resources from C$4.00 to C$5.00 and gave the company a “buy” rating in a research report on Monday, November 11th.

Integra Resources Stock Up 11.3 %

The company’s 50 day moving average price is C$1.27 and its two-hundred day moving average price is C$1.32. The company has a current ratio of 1.06, a quick ratio of 1.49 and a debt-to-equity ratio of 29.05. The firm has a market cap of C$117.21 million, a PE ratio of -2.70 and a beta of 1.37.

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.