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

Integra Resources Corp. (CVE:ITR)’s stock 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 stock 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 403,556 shares. The stock had previously closed at C$2.32.

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

Insiders Place Their Bets

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

Integra Resources Stock Performance

The company has a 50-day moving average of C$1.80 and a 200 day moving average of C$1.53. The firm has a market capitalization of C$290.74 million, a PE ratio of -5.09 and a beta of 1.37. The company has a quick ratio of 1.49, a current ratio of 0.82 and a debt-to-equity ratio of 35.54.

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.