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

Shares of Integra Resources Corp. (CVE:ITR) rose 10.8% 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$2.58 and last traded at C$2.57. Approximately 945,648 shares were traded during mid-day trading, an increase of 134% from the average daily volume of 403,582 shares. The stock had previously closed at C$2.32.

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

Insider Activity

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

Integra Resources Price Performance

The business has a 50-day moving average price of C$1.79 and a two-hundred day moving average price of C$1.52. 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 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.