Integra Resources (CVE:ITR) Trading 16.5% Higher – Should You Buy?

Integra Resources Corp. (CVE:ITR)’s share price rose 16.5% during trading on Friday . The stock 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.

Analysts Set New Price Targets

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

Integra Resources Stock Up 16.5 %

The stock’s 50 day simple moving average is C$1.68 and its 200 day simple moving average is C$1.47. The stock has a market capitalization 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 Integra Resources stock in a transaction dated Friday, January 24th. The shares were bought at an average cost of C$1.40 per share, for a total transaction of C$34,282.85. Over the last three months, insiders bought 45,000 shares of company stock worth $61,033. Corporate insiders own 17.78% of the company’s stock.

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.