Integra Resources (CVE:ITR) Shares Up 10.8% on Analyst Upgrade

Integra Resources Corp. (CVE:ITR - Get Free Report) rose 10.8% during mid-day trading on Tuesday 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 traded hands during mid-day trading, an increase of 134% from the average daily volume of 403,582 shares. The stock had previously closed at C$2.32.

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

Integra Resources Price Performance

The firm has a market cap of C$277.74 million, a price-to-earnings ratio of -4.86 and a beta of 1.37. The business's 50-day simple moving average is C$1.84 and its two-hundred day simple moving average is C$1.55. The company has a current ratio of 0.82, a quick ratio of 1.49 and a debt-to-equity ratio of 35.54.

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.