Integra Resources (CVE:ITR) Shares Up 5.7% - Still a Buy?

Key Points

• Integra Resources Corp. (CVE:ITR) saw its stock price increase by 5.7%, closing at C$2.43, despite a 46% drop in trading volume compared to its average.
• Stifel Nicolaus upgraded Integra's target price from C$4.00 to C$4.50, indicating a positive outlook for the company's stock.
• Insider transactions revealed that Senior Officer Dale Kerner purchased 34,720 shares at an average price of C$1.96, demonstrating confidence in the company's performance.

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

Analyst Upgrades and Downgrades

Separately, Stifel Nicolaus upped their price objective on 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.com, the stock currently has an average rating of "Buy" and an average price target of C$4.31.

Integra Resources Stock Performance

The stock has a 50 day moving average price of C$2.15 and a two-hundred day moving average price of C$2.03. 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 company has a market cap of C$303.74 million, a price-to-earnings ratio of -5.32 and a beta of 1.37.

Insider Buying and Selling at Integra Resources

In related news, Senior Officer Dale Kerner purchased 34,720 shares of the business's stock in a transaction dated Friday, June 27th. The shares were bought at an average price of C$1.96 per share, with a total value of C$67,995.65. 17.78% of the stock is currently owned by company 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.