Integra Resources (CVE:ITR) Stock Price Up 16.5% – Here’s Why

Integra Resources Corp. (CVE:ITR) shares rose 16.5% on Friday . The company traded as high as C$2.23 and last traded at C$2.19. Approximately 1,238,531 shares were traded during 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 lifted their price target on Integra Resources from C$3.25 to C$3.75 in a report on Friday, April 4th.

Integra Resources Stock Performance

The stock has a fifty day simple moving average of C$1.70 and a two-hundred day simple moving average of C$1.47. The firm 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 debt-to-equity ratio of 35.54, a current ratio of 0.82 and a quick ratio of 1.49.

Insider Buying and Selling

In other Integra Resources news, Director George Salamis bought 24,500 shares of the 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. Insiders have bought a total of 45,000 shares of company stock worth $61,033 in the last ninety days. 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.