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

Shares of Integra Resources Corp. (CVE:ITR) traded up 6% 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 company traded as high as C$2.49 and last traded at C$2.46. 531,339 shares were traded during mid-day trading, an increase of 34% from the average session volume of 396,373 shares. The stock had previously closed at C$2.32.

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

Insider Activity at Integra Resources

In other Integra Resources news, Director George Salamis bought 24,500 shares of the company’s 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. Insiders own 17.78% of the company’s stock.

Integra Resources Stock Down 4.3 %

The firm has a fifty day simple moving average of C$1.80 and a 200 day simple moving average of C$1.53. The company has a debt-to-equity ratio of 35.54, a quick ratio of 1.49 and a current ratio of 0.82. The company has a market cap of C$290.74 million, a PE 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.