Integra Resources (CVE:ITR) Trading 16.5% Higher – Still a Buy?

Integra Resources Corp. (CVE:ITR)’s share price shot up 16.5% on Friday . The stock traded as high as C$2.23 and last traded at C$2.19. 1,238,531 shares changed hands during trading, an increase of 229% from the average session volume of 376,712 shares. The stock had previously closed at C$1.88.

Wall Street Analyst Weigh In

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

Integra Resources Price Performance

The stock has a market cap of C$258.83 million, a PE ratio of -4.53 and a beta of 1.37. The stock’s fifty day moving average is C$1.70 and its 200-day moving average is C$1.47. 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 at Integra Resources

In other news, Director George Salamis purchased 24,500 shares of Integra Resources stock in a transaction dated Friday, January 24th. The shares were purchased at an average price of C$1.40 per share, with a total value of C$34,282.85. Insiders have bought 45,000 shares of company stock worth $61,033 in the last ninety days. 17.78% of the stock is owned by insiders.

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.