Integra Resources (CVE:ITR) Shares Up 12.5% – Time to Buy?

Integra Resources Corp. (CVE:ITR)’s share price shot up 12.5% on Friday . The company traded as high as C$2.17 and last traded at C$2.12. 777,806 shares traded hands during mid-day trading, an increase of 111% from the average session volume of 368,541 shares. The stock had previously closed at C$1.88.

Analysts Set New Price Targets

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

Integra Resources Trading Up 16.5 %

The company has a quick ratio of 1.49, a current ratio of 0.82 and a debt-to-equity ratio of 35.54. The company’s 50-day moving average is C$1.70 and its 200-day moving average is C$1.47. The stock has a market capitalization of C$258.83 million, a price-to-earnings ratio of -4.53 and a beta of 1.37.

Insiders Place Their Bets

In other Integra Resources news, Director George Salamis acquired 24,500 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The stock was purchased at an average price of C$1.40 per share, for a total transaction of C$34,282.85. Insiders purchased a total of 45,000 shares of company stock valued at $61,033 over the last 90 days. 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.