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

Integra Resources Corp. (CVE:ITR) shares shot up 10.8% during trading on Tuesday 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$2.58 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 upped their price objective on Integra Resources from C$3.25 to C$3.75 in a research report on Friday, April 4th.

Insider Transactions at Integra Resources

In related news, Director George Salamis acquired 24,500 shares of Integra Resources stock in a transaction on Friday, January 24th. The stock was purchased 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 current ratio of 0.82, a quick ratio of 1.49 and a debt-to-equity ratio of 35.54. The firm’s 50 day simple moving average is C$1.79 and its 200-day simple moving average is C$1.52.

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.