Integra Resources (NYSEAMERICAN:ITRG) Sees Unusually-High Trading Volume – Here’s What Happened

Integra Resources Corp. (NYSEAMERICAN:ITRG) shares saw strong trading volume on Monday . 2,147,923 shares changed hands during trading, an increase of 74% from the previous session’s volume of 1,235,115 shares.The stock last traded at $3.1550 and had previously closed at $2.76.

Analyst Upgrades and Downgrades

Separately, HC Wainwright boosted their price objective on Integra Resources from $3.25 to $4.75 and gave the stock a “buy” rating in a research report on Thursday, October 23rd. One research analyst has rated the stock with a Buy rating, According to MarketBeat, Integra Resources has a consensus rating of “Buy” and an average price target of $4.75.

Integra Resources Trading Up 12.9%

The stock has a market cap of $526.85 million, a P/E ratio of 52.25 and a beta of 0.83. The company has a debt-to-equity ratio of 0.02, a quick ratio of 1.24 and a current ratio of 2.11. The firm’s fifty day simple moving average is $2.86 and its 200-day simple moving average is $2.08.

Institutional Investors Weigh In On Integra Resources

Several institutional investors and hedge funds have recently made changes to their positions in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. acquired a new stake in Integra Resources during the second quarter worth approximately $7,106,000. Bank of America Corp DE boosted its holdings in shares of Integra Resources by 88.2% during the 2nd quarter. Bank of America Corp DE now owns 2,365,705 shares of the company’s stock worth $3,549,000 after buying an additional 1,108,570 shares in the last quarter. Equinox Partners Investment Management LLC grew its position in shares of Integra Resources by 6.9% during the 1st quarter. Equinox Partners Investment Management LLC now owns 9,825,138 shares of the company’s stock worth $12,223,000 after buying an additional 635,000 shares during the period. U S Global Investors Inc. bought a new stake in shares of Integra Resources in the 2nd quarter valued at $225,000. Finally, Medici Capital LLC acquired a new position in shares of Integra Resources during the 2nd quarter valued at $184,000. Institutional investors own 26.67% of the company’s stock.

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.