Integra Resources (CVE:ITR) Stock Price Up 10.8% Following Analyst Upgrade

Integra Resources Corp. (CVE:ITR) shares were 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. Approximately 945,648 shares were traded 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 upped their price target on Integra Resources from C$3.25 to C$3.75 in a report on Friday, April 4th.

Insider Buying and Selling at Integra Resources

In other news, Director George Salamis bought 24,500 shares of Integra Resources stock in a transaction dated Friday, January 24th. The shares were bought at an average price of C$1.40 per share, for a total transaction of C$34,282.85. Insiders own 17.78% of the company’s stock.

Integra Resources Stock Performance

The company has a debt-to-equity ratio of 35.54, a current ratio of 0.82 and a quick ratio of 1.49. The stock has a 50 day moving average price of C$1.81 and a two-hundred day moving average price of C$1.53. The company has a market capitalization of C$271.83 million, a price-to-earnings ratio of -4.76 and a beta of 1.37.

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.