Integra Resources Corp (ITRG) Beta Value: Understanding the Market Risk

The 36-month beta value for ITRG is also noteworthy at 1.39. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 4 rating it as “overweight,” 0 rating it as “hold,” and 0 rating it as “sell.”

The public float for ITRG is 67.98M, and at present, short sellers hold a 1.25% of that float. The average trading volume of ITRG on November 22, 2024 was 198.75K shares.

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ITRG) stock’s latest price update

The stock price of Integra Resources Corp (AMEX: ITRG) has plunged by -3.77 when compared to previous closing price of 0.97, but the company has seen a 3.71% gain in its stock price over the last five trading sessions. prnewswire.com reported 2024-11-08 that VANCOUVER, BC and TORONTO, Nov. 8, 2024 /PRNewswire/ – Integra Resources Corp. (“Integra” or the “Company”) (TSXV: ITR) (NYSE American: ITRG) and Florida Canyon Gold Inc. (“FCGI”) (TSXV: FCGV) are pleased to announce that the business combination between Integra and FCGI was completed by way of a court approved plan of arrangement under the Canada Business Corporations Act (the “Transaction”). The Transaction was overwhelmingly approved by shareholders of FCGI at a special meeting held on October 25, 2024 (the “Meeting”).

ITRG’s Market Performance

Integra Resources Corp (ITRG) has seen a 3.71% rise in stock performance for the week, with a -24.73% decline in the past month and a -4.10% plunge in the past quarter. The volatility ratio for the week is 5.16%, and the volatility levels for the past 30 days are at 5.75% for ITRG. The simple moving average for the past 20 days is -11.17% for ITRG’s stock, with a 3.63% simple moving average for the past 200 days.

ITRG Trading at -9.32% 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 -27.08% of loss for the given period.

Volatility was left at 5.75%, however, over the last 30 days, the volatility rate increased by 5.16%, as shares sank -22.22% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -2.29% lower at present.

During the last 5 trading sessions, ITRG rose by +3.71%, which changed the moving average for the period of 200-days by +9.81% in comparison to the 20-day moving average, which settled at $1.0508. In addition, Integra Resources Corp saw -11.94% 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 -0.42. Equity return is now at value -63.44, with -29.73 for asset returns.

Based on Integra Resources Corp (ITRG), the company’s capital structure generated 0.25 points at debt to capital in total, while cash flow to debt ratio is standing at -2.01. The debt to equity ratio resting at 0.33. The interest coverage ratio of the stock is -12.99.

Currently, EBITDA for the company is -35.11 million with net debt to EBITDA at -0.14. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.81.

Conclusion

In summary, Integra Resources Corp (ITRG) has had a mixed performance as of late. Analysts have bullish opinions on the stock, with some viewing it as a “buy” and others as 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.

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