Integra Resources (CVE:ITR) Trading 8.4% Higher Following Analyst Upgrade

Integra Resources Corp. (CVE:ITR) rose 8.4% 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 stock traded as high as C$2.54 and last traded at C$2.52. Approximately 727,256 shares were traded during mid-day trading, an increase of 82% from the average daily volume of 400,315 shares. The stock had previously closed at C$2.32.

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

Insiders Place Their Bets

In related news, Director George Salamis bought 24,500 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The stock was bought at an average cost of C$1.40 per share, for a total transaction of C$34,282.85. Corporate insiders own 17.78% of the company’s stock.

Integra Resources Price Performance

The stock has a market capitalization of C$303.74 million, a P/E ratio of -5.32 and a beta of 1.37. 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 50-day moving average price of C$1.79 and a 200 day moving average price of C$1.52.

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.