Integra Resources (CVE:ITR) Trading Up 16.5% – What’s Next?

Integra Resources Corp. (CVE:ITR) shares rose 16.5% during trading on Saturday . 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 Analyst Weigh In

Separately, Raymond James boosted their target price 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 market cap of C$258.83 million, a PE ratio of -4.53 and a beta of 1.37. The firm’s 50-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 quick ratio of 1.49 and a current ratio of 0.82.

Insider Buying and Selling at Integra Resources

In related news, Director George Salamis purchased 24,500 shares of the business’s stock in a transaction dated Friday, January 24th. The stock was acquired at an average price of C$1.40 per share, for a total transaction of C$34,282.85. Over the last three months, insiders have acquired 45,000 shares of company stock worth $61,033. 17.78% of the stock is owned by company insiders.

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.