Integra Resources (CVE:ITR) Reaches New 52-Week 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) reached a new 52-week high during trading on Monday . The stock traded as high as C$2.69 and last traded at C$2.66, with a volume of 897821 shares trading hands. The stock had previously closed at C$2.47.

Integra Resources Trading Up 1.5%

The company's 50 day moving average price is C$2.17 and its 200 day moving average price is C$2.05. The company has a debt-to-equity ratio of 35.54, a current ratio of 0.82 and a quick ratio of 1.49. The firm has a market cap of C$319.11 million, a PE ratio of -5.59 and a beta of 1.37.

Insider Activity at Integra Resources

In other Integra Resources news, Senior Officer Dale Kerner acquired 34,720 shares of the stock in a transaction dated Friday, June 27th. The stock was acquired at an average price of C$1.96 per share, with a total value of C$67,995.65. Insiders own 17.78% of the company's stock.

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.