Integra Resources (CVE:ITR) Trading 11.7% Higher – Should You Buy?

Shares of Integra Resources Corp. (CVE:ITR) shot up 11.7% on Friday . The company traded as high as C$2.17 and last traded at C$2.10. 833,874 shares were traded during mid-day trading, an increase of 125% from the average session volume of 370,651 shares. The stock had previously closed at C$1.88.

Analysts Set New Price Targets

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

Integra Resources Stock Performance

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 stock’s fifty day moving average price is C$1.70 and its 200-day moving average price is C$1.47. The company has a debt-to-equity ratio of 35.54, a quick ratio of 1.49 and a current ratio of 0.82.

Insider Buying and Selling at Integra Resources

In related news, Director George Salamis acquired 24,500 shares of the firm’s stock in a transaction on Friday, January 24th. The shares were purchased at an average cost of C$1.40 per share, for a total transaction of C$34,282.85. Insiders have acquired 45,000 shares of company stock worth $61,033 over the last 90 days. Company insiders own 17.78% of the company’s stock.

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.