Integra Resources (CVE:ITR) Shares Up 16.5% – Should You Buy?

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

Analyst Ratings Changes

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

Integra Resources Trading Up 16.5 %

The company has a quick ratio of 1.49, a current ratio of 0.82 and a debt-to-equity ratio of 35.54. The firm has a market capitalization of C$258.83 million, a price-to-earnings ratio of -4.53 and a beta of 1.37. The business has a 50-day moving average of C$1.70 and a two-hundred day moving average of C$1.47.

Insider Transactions at Integra Resources

In other Integra Resources news, Director George Salamis bought 24,500 shares of the firm’s stock in a transaction dated Friday, January 24th. The shares were acquired at an average cost of C$1.40 per share, for a total transaction of C$34,282.85. In the last quarter, insiders have bought 45,000 shares of company stock valued at $61,033. 17.78% of the stock is owned by corporate insiders.

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.