Integra Resources (CVE:ITR) Trading 16.5% Higher – Here’s Why

Integra Resources Corp. (CVE:ITR) was up 16.5% during 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 mid-day trading, an increase of 229% from the average daily volume of 376,712 shares. The stock had previously closed at C$1.88.

Analyst Ratings Changes

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

Integra Resources Stock Up 16.5 %

The stock has a 50-day moving average of C$1.70 and a 200-day moving average of C$1.47. The company has a debt-to-equity ratio of 35.54, a current ratio of 0.82 and a quick ratio of 1.49. 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.

Insider Transactions at Integra Resources

In other news, Director George Salamis purchased 24,500 shares of Integra Resources stock in a transaction that occurred on 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. In the last three months, insiders have purchased 45,000 shares of company stock valued at $61,033. 17.78% of the stock is 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.