Integra Resources (CVE:ITR) Stock Price Down 0.9% - Here's Why

Key Points

• Integra Resources Corp. (CVE:ITR) shares fell 0.9% to trade at C$2.30, with a significant drop in trading volume of 15% compared to the average session.
• Analysts from Stifel Nicolaus raised the price target for Integra Resources from C$4.00 to C$4.50.
• Senior Officer Dale Kerner bought 34,720 shares at an average price of C$1.96, indicating insider confidence in the company.

Integra Resources Corp. (CVE:ITR - Get Free Report)'s share price was down 0.9% during mid-day trading on Thursday . The company traded as low as C$2.27 and last traded at C$2.30. Approximately 352,987 shares changed hands during mid-day trading, a decline of 15% from the average daily volume of 414,570 shares. The stock had previously closed at C$2.32.

Analysts Set New Price Targets

Separately, Stifel Nicolaus increased their target price on shares of Integra Resources from C$4.00 to C$4.50 in a report on Monday, April 21st. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus price target of C$4.31.

Integra Resources Stock Down 3.8%

The firm's 50-day moving average price is C$2.14 and its 200 day moving average price is C$2.03. The firm has a market capitalization of C$301.38 million, a price-to-earnings ratio of -5.28 and a beta of 1.37. The company has a debt-to-equity ratio of 35.54, a current ratio of 0.82 and a quick ratio of 1.49.

Insider Activity at Integra Resources

In other news, Senior Officer Dale Kerner bought 34,720 shares of the firm's stock in a transaction that occurred on Friday, June 27th. The shares were purchased at an average price of C$1.96 per share, for a total transaction of C$67,995.65. 17.78% of the stock is owned by corporate 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.