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

Integra Resources Corp. (CVE:ITR) shares rose 10.8% 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. Approximately 945,648 shares changed hands during 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 raised 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 acquired 24,500 shares of the business’s stock in a transaction on Friday, January 24th. The shares were bought at an average cost 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 Up 10.8 %

The company has a market capitalization of C$303.74 million, a price-to-earnings ratio of -5.32 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. The firm has a 50 day moving average price of C$1.77 and a two-hundred day moving average price of C$1.51.

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.