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

Integra Resources Corp. (CVE:ITR)’s stock price traded 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 company traded as high as C$2.58 and last traded at C$2.57. 945,648 shares changed hands 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 raised their price objective on Integra Resources from C$3.25 to C$3.75 in a research note on Friday, April 4th.

Insider Transactions at Integra Resources

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

Integra Resources Stock Performance

The firm has a market cap of C$290.74 million, a PE ratio of -5.09 and a beta of 1.37. The business has a 50 day simple moving average of C$1.80 and a two-hundred day simple moving average of C$1.53. The company has a quick ratio of 1.49, a current ratio of 0.82 and a debt-to-equity ratio of 35.54.

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.