Integra Resources (CVE:ITR) Shares Up 16.5% – Here’s Why

Integra Resources Corp. (CVE:ITR)’s share price rose 16.5% on Saturday . The company traded as high as C$2.23 and last traded at C$2.19. Approximately 1,238,531 shares traded hands 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 Upgrades and Downgrades

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

Integra Resources Stock Performance

The company has a 50-day moving average of C$1.70 and a 200-day moving average of C$1.47. The company has a market cap of C$258.83 million, a PE ratio of -4.53 and a beta of 1.37. The company has a quick ratio of 1.49, a current ratio of 0.82 and a debt-to-equity ratio of 35.54.

Insiders Place Their Bets

In related news, Director George Salamis purchased 24,500 shares of Integra Resources stock in a transaction that occurred on Friday, January 24th. The stock was bought at an average price of C$1.40 per share, for a total transaction of C$34,282.85. Insiders have bought 45,000 shares of company stock valued at $61,033 in the last three months. 17.78% of the stock is currently owned by 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.