Integra Resources (CVE:ITR) Shares Up 16.5% – Time to Buy?

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

Wall Street Analysts Forecast Growth

Separately, Raymond James increased 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 business’s fifty day simple moving average is C$1.70 and its 200-day simple moving average is C$1.47. The firm has a market cap of C$258.83 million, a P/E ratio of -4.53 and a beta of 1.37. The company has a current ratio of 0.82, a quick ratio of 1.49 and a debt-to-equity ratio of 35.54.

Insider Buying and Selling

In other Integra Resources news, Director George Salamis purchased 24,500 shares of the company’s stock in a transaction that occurred 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. Insiders have acquired 45,000 shares of company stock valued at $61,033 over the last ninety days. 17.78% of the stock is 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.