Integra Resources (CVE:ITR) Stock Price Down 8.4% - Here's What Happened

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

Analyst Upgrades and Downgrades

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

Integra Resources Trading Down 6.5%

The company's 50-day moving average is C$2.28 and its 200 day moving average is C$1.80. The firm has a market cap of C$237.56 million, a PE ratio of -4.16 and a beta of 1.37. The company has a current ratio of 0.82, a quick ratio of 1.49 and a debt-to-equity ratio of 35.54.

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.

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