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

Integra Resources Corp. (CVE:ITR)’s share price was up 16.5% 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 trading, an increase of 229% from the average daily volume of 376,712 shares. The stock had previously closed at C$1.88.

Analyst Upgrades and Downgrades

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

Integra Resources Stock Up 16.5 %

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

Insider Buying and Selling

In related news, Director George Salamis purchased 24,500 shares of the company’s stock in a transaction on 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 quarter, 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.