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

Integra Resources Corp. (CVE:ITR) traded up 10.8% 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. 945,648 shares traded hands during mid-day trading, an increase of 134% from the average session volume of 403,556 shares. The stock had previously closed at C$2.32.

Separately, Raymond James increased their target price on Integra Resources from C$3.25 to C$3.75 in a research report on Friday, April 4th.

Insider Buying and Selling at Integra Resources

In other news, Director George Salamis acquired 24,500 shares of Integra Resources stock in a transaction that occurred on Friday, January 24th. The stock was purchased at an average cost of C$1.40 per share, with a total value of C$34,282.85. Insiders own 17.78% of the company’s stock.

Integra Resources Trading Up 10.8 %

The stock has a market capitalization 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 current ratio of 0.82 and a quick ratio of 1.49. The company’s 50 day moving average price is C$1.79 and its two-hundred day moving average price is 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.