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

Integra Resources Corp. (CVE:ITR) shares rose 16.5% on Saturday . The company traded as high as C$2.23 and last traded at C$2.19. Approximately 1,238,531 shares changed hands during trading, an increase of 229% from the average daily volume of 376,712 shares. The stock had previously closed at C$1.88.

Analysts Set New Price Targets

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

Integra Resources Stock Performance

The company has a debt-to-equity ratio of 35.54, a quick ratio of 1.49 and a current ratio of 0.82. The company has a market capitalization of C$258.83 million, a price-to-earnings ratio of -4.53 and a beta of 1.37. The firm has a 50-day simple moving average of C$1.70 and a two-hundred day simple moving average of C$1.47.

Insider Activity at Integra Resources

In other Integra Resources news, Director George Salamis purchased 24,500 shares of the firm’s stock in a transaction on Friday, January 24th. The stock was bought at an average price of C$1.40 per share, with a total value of C$34,282.85. Over the last quarter, insiders acquired 45,000 shares of company stock worth $61,033. Corporate insiders own 17.78% of the company’s stock.

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.