Integra Resources (CVE:ITR) Shares Up 16.5% – Here’s What Happened

Integra Resources Corp. (CVE:ITR)’s stock price rose 16.5% on Friday . The stock 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.

Wall Street Analysts Forecast Growth

Separately, Raymond James upped their target price on shares of 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 market cap of C$258.83 million, a PE ratio of -4.53 and a beta of 1.37. The business has a 50 day moving average of C$1.70 and a 200-day moving average of C$1.47. The company has a current ratio of 0.82, a quick ratio of 1.49 and a debt-to-equity ratio of 35.54.

Insider Activity

In other Integra Resources news, Director George Salamis bought 24,500 shares of Integra Resources stock in a transaction dated Friday, January 24th. The stock was acquired at an average cost of C$1.40 per share, with a total value of C$34,282.85. Over the last ninety days, insiders bought 45,000 shares of company stock valued at $61,033. 17.78% of the stock is currently owned by company 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.