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

Shares of Integra Resources Corp. (CVE:ITR) traded 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 company traded as high as C$2.58 and last traded at C$2.57. 945,648 shares were traded during 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 price objective on shares of Integra Resources from C$3.25 to C$3.75 in a report on Friday, April 4th.

Insider Activity

In other Integra Resources news, Director George Salamis purchased 24,500 shares of the business’s stock in a transaction on Friday, January 24th. The stock was bought 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 insiders.

Integra Resources Price Performance

The firm has a market capitalization of C$303.74 million, a P/E ratio of -5.32 and a beta of 1.37. The business’s fifty day moving average is C$1.79 and its 200 day moving average is C$1.52. The company has a current ratio of 0.82, a quick ratio of 1.49 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.