Integra Resources (CVE:ITR) Shares Up 16.5% – Still a Buy?

Integra Resources Corp. (CVE:ITR) was up 16.5% during mid-day trading 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 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 upped 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 firm has a market cap of C$258.83 million, a price-to-earnings ratio of -4.53 and a beta of 1.37. The stock’s fifty day moving average is C$1.70 and its two-hundred day moving average is 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.

Insiders Place Their Bets

In other Integra Resources news, Director George Salamis purchased 24,500 shares of the firm’s stock in a transaction dated 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 90 days, insiders bought 45,000 shares of company stock worth $61,033. Insiders own 17.78% of the company’s stock.

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.