Integra Resources (CVE:ITR) Trading 10.8% Higher After Analyst Upgrade

Integra Resources Corp. (CVE:ITR)’s stock price traded 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 changed hands during 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 shares of Integra Resources from C$3.25 to C$3.75 in a research note on Friday, April 4th.

Insiders Place Their Bets

In other Integra Resources news, Director George Salamis bought 24,500 shares of the firm’s stock in a transaction on Friday, January 24th. The stock was acquired at an average price of C$1.40 per share, with a total value of C$34,282.85. Corporate insiders own 17.78% of the company’s stock.

Integra Resources Price Performance

The company has a quick ratio of 1.49, a current ratio of 0.82 and a debt-to-equity ratio of 35.54. The firm’s fifty day moving average price is C$1.77 and its two-hundred day moving average price is C$1.51. The stock has a market capitalization of C$303.74 million, a PE ratio of -5.32 and a beta of 1.37.

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.