Integra Resources (CVE:ITR) Trading 16.5% Higher – Still a Buy?

Integra Resources Corp. (CVE:ITR)’s share price traded up 16.5% during trading on Saturday . The company traded as high as C$2.23 and last traded at C$2.19. 1,238,531 shares were traded 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 Analyst Weigh In

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

Integra Resources Price Performance

The company has a current ratio of 0.82, a quick ratio of 1.49 and a debt-to-equity ratio of 35.54. The company’s fifty day moving average is C$1.70 and its two-hundred day moving average is C$1.47. The stock has a market cap of C$258.83 million, a price-to-earnings ratio of -4.53 and a beta of 1.37.

Insider Buying and Selling

In other Integra Resources news, Director George Salamis bought 24,500 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The shares were purchased at an average cost of C$1.40 per share, with a total value of C$34,282.85. In the last 90 days, insiders have bought 45,000 shares of company stock valued at $61,033. Corporate 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.