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

Integra Resources Corp. (CVE:ITR)’s share price traded up 10.8% during 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 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 lifted their target price on Integra Resources from C$3.25 to C$3.75 in a research report on Friday, April 4th.

Insider Buying and Selling at Integra Resources

In other Integra Resources news, Director George Salamis purchased 24,500 shares of the stock in a transaction dated Friday, January 24th. The stock was purchased at an average price of C$1.40 per share, with a total value of C$34,282.85. 17.78% of the stock is currently owned by corporate insiders.

Integra Resources Trading Up 10.8 %

The company has a 50-day moving average price of C$1.77 and a 200 day moving average price of C$1.51. 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 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.