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

Integra Resources Corp. (CVE:ITR) shares rose 10.8% during mid-day trading 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. Approximately 945,648 shares traded hands during mid-day trading, an increase of 134% from the average daily volume of 403,582 shares. The stock had previously closed at C$2.32.

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

Insiders Place Their Bets

In other Integra Resources news, Director George Salamis purchased 24,500 shares of Integra Resources stock in a transaction dated 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 insiders.

Integra Resources Stock Performance

The firm has a market capitalization of C$290.74 million, a price-to-earnings ratio of -5.09 and a beta of 1.37. The stock’s 50 day moving average price is C$1.80 and its two-hundred day moving average price is C$1.53. The company has a current ratio of 0.82, a quick ratio of 1.49 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.