Integra Resources (CVE:ITR) Shares Up 6% Following Analyst Upgrade

Shares of Integra Resources Corp. (CVE:ITR) shot up 6% 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$2.49 and last traded at C$2.46. 531,339 shares changed hands during trading, an increase of 34% from the average session volume of 396,373 shares. The stock had previously closed at C$2.32.

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

Insiders Place Their Bets

In other news, Director George Salamis acquired 24,500 shares of Integra Resources stock in a transaction dated Friday, January 24th. The stock was purchased at an average cost 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 Up 7.5 %

The business’s 50-day simple moving average is C$1.77 and its 200-day simple moving average is C$1.51. The company has a market capitalization of C$294.88 million, a PE ratio of -5.16 and a beta of 1.37. 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.