Integra Resources (CVE:ITR) Trading Down 8.4% - Here's Why

Integra Resources Corp. (CVE:ITR - Get Free Report) shares fell 8.4% during trading on Friday . The company traded as low as C$1.93 and last traded at C$1.97. 244,297 shares traded hands during mid-day trading, a decline of 45% from the average session volume of 443,545 shares. The stock had previously closed at C$2.15.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ITR. Stifel Nicolaus lifted their price target on Integra Resources from C$4.00 to C$4.50 in a research report on Monday, April 21st. Raymond James Financial raised their price objective on shares of Integra Resources from C$3.25 to C$3.75 in a research note on Friday, April 4th.

Integra Resources Price Performance

The company has a current ratio of 0.82, a quick ratio of 1.49 and a debt-to-equity ratio of 35.54. The stock has a market capitalization of C$243.47 million, a price-to-earnings ratio of -4.26 and a beta of 1.37. The stock has a 50-day moving average price of C$2.27 and a 200 day moving average price of C$1.81.

Insider Transactions at Integra Resources

In other Integra Resources news, Senior Officer Dale Kerner acquired 34,720 shares of the company's stock in a transaction on Friday, June 27th. The shares were bought at an average cost of C$1.96 per share, with a total value of C$67,995.65. Corporate 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.