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

Integra Resources Corp. (CVE:ITR)’s stock price rose 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 daily volume of 403,556 shares. The stock had previously closed at C$2.32.

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

Insider Buying and Selling

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

Integra Resources Stock Performance

The stock has a market capitalization of C$303.74 million, a price-to-earnings 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’s 50 day moving average is C$1.79 and its 200-day moving average is C$1.52.

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.