Integra Resources (CVE:ITR) Trading Up 16.5% – Time to 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 mid-day 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 increased their price target on Integra Resources from C$3.25 to C$3.75 in a research note on Friday, April 4th.

Integra Resources Trading Up 16.5 %

The company has a debt-to-equity ratio of 35.54, a quick ratio of 1.49 and a current ratio of 0.82. The company has a market capitalization of C$258.83 million, a PE ratio of -4.53 and a beta of 1.37. The stock has a fifty day moving average of C$1.70 and a 200 day moving average of C$1.47.

Insider Activity

In other news, Director George Salamis acquired 24,500 shares of the business’s stock in a transaction dated 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 have purchased a total of 45,000 shares of company stock worth $61,033 over the last quarter. Insiders own 17.78% of the company’s stock.

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.