Integra Resources (CVE:ITR) Stock Price Up 16.5% – Still a Buy?

Integra Resources Corp. (CVE:ITR) shot up 16.5% during mid-day trading on Saturday . The stock traded as high as C$2.23 and last traded at C$2.19. 1,238,531 shares traded 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.

Analysts Set New Price Targets

Separately, Raymond James upped their price objective on Integra Resources from C$3.25 to C$3.75 in a research note on Friday, April 4th.

Integra Resources Price Performance

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 stock has a market capitalization of C$258.83 million, a price-to-earnings ratio of -4.53 and a beta of 1.37. The business’s 50 day simple moving average is C$1.70 and its 200-day simple moving average is C$1.47.

Insider Buying and Selling

In related news, Director George Salamis bought 24,500 shares of the stock in a transaction on 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 acquired 45,000 shares of company stock valued at $61,033 in the last three months. 17.78% of the stock is currently owned by corporate 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.