Integra Resources (CVE:ITR) Trading 10.8% Higher After Analyst Upgrade

Integra Resources Corp. (CVE:ITR) shot up 10.8% 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 changed hands during mid-day trading, an increase of 134% from the average session volume of 403,556 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 report on Friday, April 4th.

Insider Buying and Selling

In related news, Director George Salamis purchased 24,500 shares of Integra Resources stock in a transaction on Friday, January 24th. The shares were bought at an average price of C$1.40 per share, with a total value of C$34,282.85. 17.78% of the stock is currently owned by insiders.

Integra Resources Trading Up 10.8 %

The company’s fifty day moving average is C$1.79 and its two-hundred day moving average is 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 stock has a market cap 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.