Integra Resources (CVE:ITR) Shares Down 2.3% – What’s Next?

Shares of Integra Resources Corp. (CVE:ITR) dropped 2.3% on Friday . The stock traded as low as C$3.84 and last traded at C$3.90. Approximately 114,012 shares were traded during mid-day trading, a decline of 71% from the average session volume of 388,021 shares. The stock had previously closed at C$3.99.

Integra Resources Stock Performance

The stock has a market cap of C$791.20 million, a price-to-earnings ratio of 97.50 and a beta of 2.01. The company’s 50 day simple moving average is C$3.42 and its 200 day simple moving average is C$3.84. The company has a debt-to-equity ratio of 11.70, a quick ratio of 1.49 and a current ratio of 5.31.

Insider Activity

In related news, Director George Salamis acquired 25,000 shares of the stock in a transaction that occurred on Monday, July 13th. The shares were acquired at an average price of C$2.99 per share, for a total transaction of C$74,750.00. Following the completion of the purchase, the director directly owned 820,737 shares of the company’s stock, valued at C$2,454,003.63. The trade was a 3.14% increase in their ownership of the stock. 17.78% of the stock is owned by company insiders.

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. It also holds a portfolio of early-stage exploration projects in Idaho, Nevada, and Arizona.