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

Integra Resources Corp. (CVE:ITR) shares 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 were traded during mid-day 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 target price 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 bought 24,500 shares of the company’s stock in a transaction dated 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. Company insiders own 17.78% of the company’s stock.

Integra Resources Price Performance

The stock has a market cap of C$303.74 million, a PE 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 business has a fifty day simple moving average of C$1.77 and a two-hundred day simple moving average of C$1.51.

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.