Integra Resources (CVE:ITR) Stock Price Up 16.5% – Time to Buy?

Integra Resources Corp. (CVE:ITR) shares rose 16.5% during mid-day trading on Saturday . The stock traded as high as C$2.23 and last traded at C$2.19. Approximately 1,238,531 shares changed hands 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 Analysts Forecast Growth

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

Integra Resources Stock Up 16.5 %

The firm’s 50 day moving average price is C$1.70 and its two-hundred day moving average price is C$1.47. 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 firm has a market capitalization of C$258.83 million, a PE ratio of -4.53 and a beta of 1.37.

Insider Buying and Selling

In related news, Director George Salamis bought 24,500 shares of the business’s stock in a transaction dated Friday, January 24th. The shares were acquired at an average price of C$1.40 per share, for a total transaction of C$34,282.85. Over the last 90 days, insiders have acquired 45,000 shares of company stock worth $61,033. 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.