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

Integra Resources Corp. (CVE:ITR - Get Free Report)'s stock price rose 6% 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. Approximately 531,339 shares traded hands during mid-day trading, an increase of 34% from the average daily volume of 396,373 shares. The stock had previously closed at C$2.32.

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

Integra Resources Stock Performance

The stock has a market capitalization of C$282.47 million, a P/E ratio of -4.95 and a beta of 1.37. The stock's 50-day simple moving average is C$1.83 and its 200 day simple moving average is C$1.54. The company has a debt-to-equity ratio of 35.54, a current ratio of 0.82 and a quick ratio of 1.49.

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.