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

Shares of Integra Resources Corp. (CVE:ITR) 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 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 increased their target price on Integra Resources from C$3.25 to C$3.75 in a report on Friday, April 4th.

Insider Activity

In other Integra Resources news, Director George Salamis acquired 24,500 shares of the stock in a transaction dated Friday, January 24th. The stock was acquired at an average price 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 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 market capitalization of C$290.74 million, a PE ratio of -5.09 and a beta of 1.37. The company has a 50-day moving average of C$1.80 and a two-hundred day moving average of C$1.53.

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.