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

Integra Resources Corp. (CVE:ITR) shot up 10.8% during trading on Monday after Stifel Nicolaus raised their price target on the stock from C$4.00 to C$4.50. The stock traded as high as C$2.58 and last traded at C$2.57. 945,648 shares changed hands 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 target price on shares of Integra Resources from C$3.25 to C$3.75 in a research report on Friday, April 4th.

Insider Transactions at Integra Resources

In related news, Director George Salamis bought 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, for a total transaction of C$34,282.85. 17.78% of the stock is currently owned by corporate insiders.

Integra Resources Stock Performance

The stock’s 50-day moving average price is C$1.80 and its 200 day moving average price is C$1.53. The company has a quick ratio of 1.49, a current ratio of 0.82 and a debt-to-equity ratio of 35.54. The company has a market cap of C$290.74 million, a P/E ratio of -5.09 and a beta of 1.37.

Integra Resources Company Profile

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.