Integra Resources (CVE:ITR) Reaches New 12-Month High - Here's Why

Key Points

• Integra Resources shares reached a new 12-month high of C$2.69, closing at C$2.66 with a trading volume of 897,821 shares.
• Wall Street analyst Stifel Nicolaus raised the price target for Integra Resources from C$4.00 to C$4.50, indicating positive growth prospects.
• Insider transactions show that Senior Officer Dale Kerner purchased 34,720 shares at an average price of C$1.96, reflecting confidence in the company's future.

Integra Resources Corp. (CVE:ITR - Get Free Report) shares reached a new 52-week high on Monday . The company traded as high as C$2.69 and last traded at C$2.66, with a volume of 897821 shares. The stock had previously closed at C$2.47.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus raised their price objective on shares of Integra Resources from C$4.00 to C$4.50 in a research note on Monday, April 21st.

Integra Resources Price Performance

The company has a current ratio of 0.82, a quick ratio of 1.49 and a debt-to-equity ratio of 35.54. The company has a market capitalization of C$313.20 million, a P/E ratio of -5.48 and a beta of 1.37. The business's 50-day simple moving average is C$2.13 and its 200 day simple moving average is C$2.02.

Insider Transactions at Integra Resources

In other Integra Resources news, Senior Officer Dale Kerner purchased 34,720 shares of the company's stock in a transaction that occurred on Friday, June 27th. The stock was purchased at an average price of C$1.96 per share, with a total value of C$67,995.65. 17.78% of the stock is owned by company insiders.

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.

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