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

by · The Cerbat Gem

Integra Resources Corp. (CVE:ITR – Get Free Report) shot 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. 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 lifted their target price on Integra Resources from C$3.25 to C$3.75 in a report on Friday, April 4th.

View Our Latest Report on ITR

Insider Buying and Selling

In related news, Director George Salamis purchased 24,500 shares of the business’s stock in a transaction on 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. 17.78% of the stock is currently owned by company insiders.

Integra Resources Price Performance

The firm’s 50-day moving average is C$1.79 and its 200-day moving average is C$1.52. 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 company has a market capitalization of C$303.74 million, a PE ratio of -5.32 and a beta of 1.37.

Integra Resources Company Profile

(Get Free Report)

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.

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