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

Integra Resources Corp. (CVE:ITR)’s share price shot up 10.8% during mid-day trading on Tuesday 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 mid-day trading, an increase of 134% from the average session volume of 403,582 shares. The stock had previously closed at C$2.32.

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

Insider Buying and Selling at Integra Resources

In related news, Director George Salamis purchased 24,500 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The shares were bought at an average price of C$1.40 per share, for a total transaction of C$34,282.85. Insiders own 17.78% of the company’s stock.

Integra Resources Trading Down 4.3 %

The firm’s fifty day simple moving average is C$1.80 and its 200 day simple moving average is C$1.53. The stock has a market capitalization of C$290.74 million, a P/E ratio of -5.09 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.

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.