Integra Resources (CVE:ITR) Trading 8.4% Higher After Analyst Upgrade

Integra Resources Corp. (CVE:ITR)’s share price traded up 8.4% 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 company traded as high as C$2.54 and last traded at C$2.52. 727,256 shares were traded during trading, an increase of 82% from the average session volume of 400,315 shares. The stock had previously closed at C$2.32.

Separately, Raymond James increased their target price on shares of 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 Integra Resources news, Director George Salamis bought 24,500 shares of the business’s stock in a transaction that occurred on 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. Insiders own 17.78% of the company’s stock.

Integra Resources Price Performance

The company has a market capitalization of C$303.74 million, a PE ratio of -5.32 and a beta of 1.37. The company has a quick ratio of 1.49, a current ratio of 0.82 and a debt-to-equity ratio of 35.54. The firm’s 50 day simple moving average is C$1.77 and its 200 day simple moving average is 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.