Integra Resources (CVE:ITR) Shares Up 6% After Analyst Upgrade

Integra Resources Corp. (CVE:ITR)’s stock price rose 6% during 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$2.49 and last traded at C$2.46. Approximately 531,339 shares traded hands during mid-day trading, an increase of 34% from the average daily volume of 396,373 shares. The stock had previously closed at C$2.32.

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

Insider Activity at Integra Resources

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

Integra Resources Price Performance

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 business’s fifty day moving average price is C$1.79 and its 200-day moving average price is C$1.52. The stock has a market capitalization of C$303.74 million, a price-to-earnings ratio of -5.32 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.