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

Integra Resources Corp. (CVE:ITR) shares shot up 10.8% on Tuesday 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. 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 boosted their price objective on Integra Resources from C$3.25 to C$3.75 in a report on Friday, April 4th.

Insider Transactions at Integra Resources

In related news, Director George Salamis purchased 24,500 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The shares were acquired at an average price of C$1.40 per share, with a total value of C$34,282.85. Insiders own 17.78% of the company’s stock.

Integra Resources Stock Down 4.3 %

The firm’s 50-day moving average price is C$1.80 and its 200 day moving average price is C$1.53. The firm has a market cap of C$290.74 million, a P/E ratio of -5.09 and a beta of 1.37. The company has a quick ratio of 1.49, a current ratio of 0.82 and a debt-to-equity ratio of 35.54.

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.