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

Shares of Integra Resources Corp. (CVE:ITR) shot 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 traded hands during mid-day 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 Integra Resources from C$3.25 to C$3.75 in a research note on Friday, April 4th.

Insider Buying and Selling at Integra Resources

In related news, Director George Salamis bought 24,500 shares of the business’s stock in a transaction dated Friday, January 24th. The stock was bought at an average price 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 Stock 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’s fifty day simple moving average is C$1.79 and its two-hundred day simple moving average is C$1.52. The company has a debt-to-equity ratio of 35.54, a quick ratio of 1.49 and a current ratio of 0.82.

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.