Integra Resources (NYSEAMERICAN:ITRG) Shares Gap Down - Here's What Happened

Key Points

• Integra Resources shares gapped down from a close of $3.26 to an opening of $3.01 on Friday, with the last traded price at $3.02 and a high trading volume of 958,663 shares.
• HC Wainwright reissued a "buy" rating on Integra Resources with a price target of $3.25, indicating positive analyst sentiment towards the stock.
• Institutional investors now hold 26.67% of the company's stock, with notable recent purchases totaling over $400,000 in new stakes during the second quarter.

Integra Resources Corp. (NYSEAMERICAN:ITRG - Get Free Report) gapped down before the market opened on Friday . The stock had previously closed at $3.26, but opened at $3.01. Integra Resources shares last traded at $3.02, with a volume of 958,663 shares trading hands.

Wall Street Analyst Weigh In

Separately, HC Wainwright reissued a "buy" rating and issued a $3.25 price objective on shares of Integra Resources in a report on Thursday, August 14th. One analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of "Buy" and an average price target of $3.25.

Integra Resources Price Performance

The company has a quick ratio of 1.24, a current ratio of 2.11 and a debt-to-equity ratio of 0.02. The firm has a market cap of $513.16 million, a PE ratio of 50.42 and a beta of 0.84. The firm's fifty day simple moving average is $2.57 and its two-hundred day simple moving average is $1.91.

Institutional Investors Weigh In On Integra Resources

Institutional investors and hedge funds have recently modified their holdings of the stock. Medici Capital LLC bought a new stake in shares of Integra Resources during the second quarter valued at approximately $184,000. Cambridge Investment Research Advisors Inc. bought a new stake in Integra Resources in the first quarter worth $30,000. U S Global Investors Inc. bought a new stake in Integra Resources in the second quarter worth $225,000. Equinox Partners Investment Management LLC increased its position in Integra Resources by 6.9% in the first quarter. Equinox Partners Investment Management LLC now owns 9,825,138 shares of the company's stock worth $12,223,000 after purchasing an additional 635,000 shares during the last quarter. Finally, XTX Topco Ltd bought a new stake in Integra Resources in the first quarter worth $96,000. Institutional investors own 26.67% 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.