Integra Resources (CVE:ITR) Trading 10.8% Higher After Analyst Upgrade

Integra Resources Corp. (CVE:ITR) shares were up 10.8% during 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$2.58 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 objective on Integra Resources from C$3.25 to C$3.75 in a report on Friday, April 4th.

Insiders Place Their Bets

In other news, Director George Salamis purchased 24,500 shares of Integra Resources stock in a transaction on 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 Price Performance

The company has a debt-to-equity ratio of 35.54, a quick ratio of 1.49 and a current ratio of 0.82. The company has a 50-day moving average of C$1.79 and a 200-day moving average of C$1.52. The firm has a market capitalization of C$303.74 million, a price-to-earnings ratio of -5.32 and a beta of 1.37.

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.