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

Integra Resources Corp. (CVE:ITR)’s stock price 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 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 boosted 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 at Integra Resources

In other Integra Resources news, Director George Salamis bought 24,500 shares of Integra Resources stock in a transaction on Friday, January 24th. The stock was acquired 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 company insiders.

Integra Resources Stock Up 10.8 %

The company has a 50-day moving average of C$1.79 and a two-hundred day moving average of C$1.52. The company has a debt-to-equity ratio of 35.54, a current ratio of 0.82 and a quick ratio of 1.49. The company has a market capitalization of C$303.74 million, a PE ratio of -5.32 and a beta of 1.37.

About Integra Resources

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.