Integra Resources (CVE:ITR) Shares Up 16% – Should You Buy?

Shares of Integra Resources Corp. (CVE:ITR) shot up 16% during mid-day trading on Friday . The company traded as high as C$2.23 and last traded at C$2.18. 1,183,726 shares changed hands during trading, an increase of 216% from the average session volume of 374,970 shares. The stock had previously closed at C$1.88.

Analyst Upgrades and Downgrades

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

Integra Resources Stock Up 16.5 %

The stock has a market capitalization of C$258.83 million, a price-to-earnings 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. The stock has a 50 day moving average price of C$1.70 and a 200 day moving average price of C$1.47.

Insider Buying and Selling

In related news, Director George Salamis bought 24,500 shares of the stock in a transaction that occurred on Friday, January 24th. The stock was acquired at an average cost of C$1.40 per share, with a total value of C$34,282.85. Insiders have acquired a total of 45,000 shares of company stock worth $61,033 in the last ninety days. Company 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.