Integra Resources (CVE:ITR) Trading 8.4% Higher on Analyst Upgrade

Shares of Integra Resources Corp. (CVE:ITR) rose 8.4% during trading on Monday 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$2.54 and last traded at C$2.52. Approximately 727,256 shares changed hands during mid-day trading, an increase of 82% from the average daily volume of 400,315 shares. The stock had previously closed at C$2.32.

Separately, Raymond James raised their price target 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 that occurred on Friday, January 24th. The stock was 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 Trading Up 10.8 %

The stock has a 50-day moving average of C$1.77 and a two-hundred day moving average of C$1.51. The company has a market cap of C$303.74 million, a P/E ratio of -5.32 and a beta of 1.37. The company has a debt-to-equity ratio of 35.54, a quick ratio of 1.49 and a current ratio of 0.82.

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.