Integra Resources (CVE:ITR) Stock Price Up 16.5% – What’s Next?

Integra Resources Corp. (CVE:ITR)’s stock price was up 16.5% during mid-day trading on Friday . The company traded as high as C$2.23 and last traded at C$2.19. Approximately 1,238,531 shares were traded during trading, an increase of 229% from the average daily volume of 376,712 shares. The stock had previously closed at C$1.88.

Analyst Ratings Changes

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

Integra Resources Price Performance

The stock has a 50 day moving average of C$1.68 and a two-hundred day moving average of C$1.47. The company has a debt-to-equity ratio of 35.54, a quick ratio of 1.49 and a current ratio of 0.82. The stock has a market cap of C$258.83 million, a PE ratio of -4.53 and a beta of 1.37.

Insiders Place Their Bets

In related news, Director George Salamis bought 24,500 shares of the firm’s stock in a transaction on Friday, January 24th. The stock was bought at an average price of C$1.40 per share, with a total value of C$34,282.85. In the last three months, insiders have bought 45,000 shares of company stock worth $61,033. Corporate insiders own 17.78% of the company’s stock.

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.