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

Shares of 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 upped their target price on shares of Integra Resources from C$3.25 to C$3.75 in a research note on Friday, April 4th.

Insiders Place Their Bets

In other news, Director George Salamis acquired 24,500 shares of the firm’s stock in a transaction on Friday, January 24th. The shares were purchased at an average cost 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 stock has a 50-day moving average of C$1.79 and a 200 day moving average of C$1.52. 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 firm has a market capitalization of C$303.74 million, a P/E 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.