Integra Resources (CVE:ITR) Trading 6% Higher After Analyst Upgrade

Shares of Integra Resources Corp. (CVE:ITR - Get Free Report) shot up 6% 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 stock traded as high as C$2.49 and last traded at C$2.46. 531,339 shares traded hands during trading, an increase of 34% from the average session volume of 396,373 shares. The stock had previously closed at C$2.32.

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

Integra Resources Trading Down 1.6 %

The company has a debt-to-equity ratio of 35.54, a current ratio of 0.82 and a quick ratio of 1.49. The business's 50-day moving average is C$1.83 and its two-hundred day moving average is C$1.54. The firm has a market cap of C$282.47 million, a P/E ratio of -4.95 and a beta of 1.37.

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.