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

Integra Resources Corp. (CVE:ITR - Get Free Report)'s share price rose 10.8% during mid-day 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. Approximately 945,648 shares changed hands during mid-day trading, an increase of 134% from the average daily volume of 403,556 shares. The stock had previously closed at C$2.32.

Separately, Raymond James raised their price target on Integra Resources from C$3.25 to C$3.75 in a research report on Friday, April 4th.

Integra Resources Stock 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 firm has a market capitalization of C$277.74 million, a PE ratio of -4.86 and a beta of 1.37. The stock's 50 day moving average price is C$1.84 and its two-hundred day moving average price is C$1.55.

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.