Integra Resources (CVE:ITR) Trading Up 6% Following Analyst Upgrade

Integra Resources Corp. (CVE:ITR)’s share price shot up 6% during mid-day trading on Monday 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$2.49 and last traded at C$2.46. 531,339 shares changed hands during mid-day trading, an increase of 34% from the average session volume of 396,373 shares. The stock had previously closed at C$2.32.

Separately, Raymond James boosted their price target on Integra Resources from C$3.25 to C$3.75 in a report on Friday, April 4th.

Insiders Place Their Bets

In related news, Director George Salamis purchased 24,500 shares of the business’s stock in a transaction dated Friday, January 24th. The shares were acquired at an average cost of C$1.40 per share, for a total transaction of C$34,282.85. 17.78% of the stock is owned by company insiders.

Integra Resources Price Performance

The firm has a market capitalization of C$294.88 million, a P/E ratio of -5.16 and a beta of 1.37. The stock’s fifty day simple moving average is C$1.77 and its 200 day simple moving average is C$1.51. The company has a debt-to-equity ratio of 35.54, a current ratio of 0.82 and a quick ratio of 1.49.

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.