The stock of Integra Resources Corp (AMEX: ITRG) has decreased by -17.59 when compared to last closing price of 1.08.Despite this, the company has seen a loss of -11.88% in its stock price over the last five trading days. prnewswire.com reported 2024-07-29 that VANCOUVER, BC and TORONTO, July 29, 2024 /PRNewswire/ – Integra Resources Corp. (“Integra” or the “Company”) (TSXV: ITR) (NYSE American: ITRG) and Florida Canyon Gold Inc. (“FCGI”) (TSXV: FCGV) (together, the “Companies”) are pleased to announce that they have entered into a definitive arrangement agreement (the “Arrangement Agreement”), dated July 28, 2024, whereby Integra has agreed to acquire all of the issued and outstanding shares of FCGI pursuant to a court-approved plan of arrangement (the “Transaction”). The Transaction will create a diversified, Great Basin-focused gold (“Au”) and silver (“Ag”) producer with immediate gold production of approximately 70 thousand ounces (“kozs”) of gold equivalent (“AuEq”)(1) per annum from the Florida Canyon Gold Mine (“Florida Canyon”), coupled with a built-in growth pipeline of high-quality development stage assets including the DeLamar Project (“DeLamar”) and the Nevada North Project (“Nevada North”).
Is It Worth Investing in Integra Resources Corp (AMEX: ITRG) Right Now?
The 36-month beta value for ITRG is at 1.36.
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The public float for ITRG is 65.02M, and currently, shorts hold a 0.09% of that float. The average trading volume for ITRG on July 30, 2024 was 152.65K shares.
ITRG’s Market Performance
ITRG’s stock has seen a -11.88% decrease for the week, with a -0.41% drop in the past month and a 7.49% gain in the past quarter. The volatility ratio for the week is 7.94%, and the volatility levels for the past 30 days are at 6.57% for Integra Resources Corp The simple moving average for the past 20 days is -9.48% for ITRG’s stock, with a 4.97% simple moving average for the past 200 days.
ITRG Trading at -4.37% from the 50-Day Moving Average
After a stumble in the market that brought ITRG to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -21.24% of loss for the given period.
Volatility was left at 6.57%, however, over the last 30 days, the volatility rate increased by 7.94%, as shares sank -3.63% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +14.12% upper at present.
During the last 5 trading sessions, ITRG fell by -11.88%, which changed the moving average for the period of 200-days by +10.83% in comparison to the 20-day moving average, which settled at $0.9816. In addition, Integra Resources Corp saw -16.04% in overturn over a single year, with a tendency to cut further losses.
Stock Fundamentals for ITRG
The total capital return value is set at -0.38. Equity return is now at value -89.17, with -32.92 for asset returns.
Based on Integra Resources Corp (ITRG), the company’s capital structure generated 0.2 points at debt to capital in total, while cash flow to debt ratio is standing at -2.32. The debt to equity ratio resting at 0.25. The interest coverage ratio of the stock is -15.35.
Currently, EBITDA for the company is -18.87 million with net debt to EBITDA at 0.19. The liquidity ratio also appears to be rather interesting for investors as it stands at 1.48.
Conclusion
In conclusion, Integra Resources Corp (ITRG) has had a bad performance lately. Opinion on the stock among analysts is mixed, with some giving it a “buy” rating and others a “hold”. It’s important to note that the stock is currently trading at a significant distance from its 50-day moving average and its 52-week high.
