Integra Resources (CVE:ITR) Shares Up 10.8% Following Analyst Upgrade

Integra Resources Corp. (CVE:ITR)’s share price was up 10.8% during mid-day trading on Monday after Stifel Nicolaus raised their price target on the stock from C$4.00 to C$4.50. The company traded as high as C$2.58 and last traded at C$2.57. Approximately 945,648 shares were traded during trading, an increase of 134% from the average daily volume of 403,582 shares. The stock had previously closed at C$2.32.

Separately, Raymond James upped their price objective on shares of Integra Resources from C$3.25 to C$3.75 in a research note on Friday, April 4th.

Insider Activity

In other Integra Resources news, Director George Salamis purchased 24,500 shares of the stock in a transaction dated Friday, January 24th. The shares were acquired at an average price of C$1.40 per share, for a total transaction of C$34,282.85. Corporate insiders own 17.78% of the company’s stock.

Integra Resources Trading Up 10.8 %

The company has a market cap of C$303.74 million, a PE ratio of -5.32 and a beta of 1.37. The company has a debt-to-equity ratio of 35.54, a quick ratio of 1.49 and a current ratio of 0.82. The company has a 50 day simple moving average of C$1.79 and a two-hundred day simple moving average of C$1.52.

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.