Integra Resources (CVE:ITR) Shares Up 16.5% – Should You Buy?

Integra Resources Corp. (CVE:ITR)’s stock price shot up 16.5% during mid-day trading on Saturday . The company traded as high as C$2.23 and last traded at C$2.19. 1,238,531 shares traded hands during trading, an increase of 229% from the average session 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 Performance

The stock’s fifty day simple moving average is C$1.70 and its 200-day simple moving average is C$1.47. The company has a market capitalization of C$258.83 million, a PE ratio of -4.53 and a beta of 1.37. 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 Transactions at Integra Resources

In other Integra Resources news, Director George Salamis bought 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. Insiders have purchased a total of 45,000 shares of company stock worth $61,033 in the last three months. 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.