Integra Resources (CVE:ITR) Shares Down 0.9% - Time to Sell?

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) shares fell 0.9% during trading on Thursday . The stock traded as low as C$2.27 and last traded at C$2.30. 352,987 shares traded hands during mid-day trading, a decline of 15% from the average session volume of 414,570 shares. The stock had previously closed at C$2.32.

Analysts Set New Price Targets

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

Integra Resources Stock Down 0.9%

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 firm has a market capitalization of C$271.83 million, a PE ratio of -4.76 and a beta of 1.37. The company's 50 day simple moving average is C$2.13 and its 200-day simple moving average is C$2.01.

Insider Buying and Selling at Integra Resources

In related news, Senior Officer Dale Kerner acquired 34,720 shares of the stock in a transaction dated 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. Company 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.

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