Integra Resources (CVE:ITR) Stock Price Up 5.7% - What's Next?

Key Points

• Integra Resources Corp.'s share price increased by 5.7% during trading, reaching C$2.43, despite a 46% decline in trading volume compared to its average session.
• Wall Street firm Stifel Nicolaus raised their price target on Integra Resources from C$4.00 to C$4.50, indicating growing confidence in the company's prospects.
• Senior Officer Dale Kerner purchased 34,720 shares at an average price of C$1.96, showcasing insider confidence as corporate insiders hold 17.78% of the company's stock.

Integra Resources Corp. (CVE:ITR - Get Free Report) shares shot up 5.7% during trading on Friday . The company traded as high as C$2.43 and last traded at C$2.43. 224,433 shares changed hands during mid-day trading, a decline of 46% from the average session volume of 412,231 shares. The stock had previously closed at C$2.30.

Wall Street Analysts Forecast Growth

Separately, Stifel Nicolaus upped their price objective on shares of Integra Resources from C$4.00 to C$4.50 in a research report on Monday, April 21st. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock presently has an average rating of "Buy" and an average price target of C$4.31.

Integra Resources Stock Performance

The stock has a fifty day simple moving average of C$2.15 and a 200-day simple moving average of C$2.03. The stock has a market cap of C$303.74 million, a P/E ratio of -5.32 and a beta of 1.37. The company has a debt-to-equity ratio of 35.54, a quick ratio of 1.49 and a current ratio of 0.82.

Insider Transactions at Integra Resources

In other news, Senior Officer Dale Kerner bought 34,720 shares of the stock in a transaction on Friday, June 27th. The stock was 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.

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.