Integra Resources (CVE:ITR) Shares Down 9.3% - Here's What Happened

Integra Resources Corp. (CVE:ITR - Get Free Report) shares traded down 9.3% during mid-day trading on Friday . The company traded as low as C$1.93 and last traded at C$1.95. 206,936 shares changed hands during mid-day trading, a decline of 53% from the average session volume of 442,610 shares. The stock had previously closed at C$2.15.

Wall Street Analyst Weigh In

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

Integra Resources Stock Performance

The company has a quick ratio of 1.49, a current ratio of 0.82 and a debt-to-equity ratio of 35.54. The stock has a market cap of C$243.47 million, a P/E ratio of -4.26 and a beta of 1.37. The firm's 50-day moving average is C$2.27 and its two-hundred day moving average is C$1.81.

Insider Transactions at Integra Resources

In related news, Senior Officer Dale Kerner purchased 34,720 shares of the stock in a transaction that occurred on Friday, June 27th. The stock was acquired at an average price of C$1.96 per share, with a total value of C$67,995.65. 17.78% of the stock is currently owned by company insiders.

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.