Integra Resources (CVE:ITR) Shares Up 16.5% – Should You Buy?

Integra Resources Corp. (CVE:ITR) rose 16.5% on Saturday . The stock 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 raised their target price 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 firm has a market cap of C$258.83 million, a price-to-earnings 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 current ratio of 0.82, a quick ratio of 1.49 and a debt-to-equity ratio of 35.54.

Insider Activity

In related news, Director George Salamis purchased 24,500 shares of the firm’s stock in a transaction that occurred on 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. Insiders acquired 45,000 shares of company stock worth $61,033 over the last three months. 17.78% of the stock is currently 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.