The stock price of Integra Resources Corp (AMEX: ITRG) has jumped by 1.67 compared to previous close of 0.89. Despite this, the company has seen a gain of 1.01% in its stock price over the last five trading days. 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”).
Is It Worth Investing in Integra Resources Corp (AMEX: ITRG) Right Now?
Moreover, the 36-month beta value for ITRG is 1.35. Analysts have varying opinions on the stock, with 1 analysts rating it as a “buy,” 4 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for ITRG is 129.27M and currently, short sellers hold a 0.66% of that float. On December 05, 2024, ITRG’s average trading volume was 225.14K shares.
ITRG’s Market Performance
The stock of Integra Resources Corp (ITRG) has seen a 1.01% increase in the past week, with a -15.84% drop in the past month, and a 1.00% gain in the past quarter. The volatility ratio for the week is 5.89%, and the volatility levels for the past 30 days are at 5.57% for ITRG. The simple moving average for the past 20 days is -3.82% for ITRG’s stock, with a 0.28% simple moving average for the past 200 days.
ITRG Trading at -10.91% 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 -28.99% of loss for the given period.
Volatility was left at 5.57%, however, over the last 30 days, the volatility rate increased by 5.89%, as shares sank -15.17% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading -10.13% lower at present.
During the last 5 trading sessions, ITRG rose by +0.88%, which changed the moving average for the period of 200-days by +18.34% in comparison to the 20-day moving average, which settled at $0.9449. In addition, Integra Resources Corp saw -14.25% 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 -0.41. 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 -12.75.
Currently, EBITDA for the company is -35.11 million with net debt to EBITDA at -0.13. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.81.
Conclusion
To wrap up, the performance of Integra Resources Corp (ITRG) has been mixed in recent times. The stock has received a bullish of “buy” and “hold” ratings from analysts. 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.
