Integra Resources (CVE:ITR) Stock Price Up 16.5% – Here’s Why

Shares of Integra Resources Corp. (CVE:ITR) were up 16.5% during mid-day 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.

Analyst Upgrades and Downgrades

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 Price Performance

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

Insiders Place Their Bets

In other news, Director George Salamis purchased 24,500 shares of the firm’s 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 three months. 17.78% of the stock is currently owned by corporate 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.