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

Integra Resources Corp. (CVE:ITR) shares traded up 16.5% during trading on Saturday . The company 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 session volume of 376,712 shares. The stock had previously closed at C$1.88.

Analyst Upgrades and Downgrades

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

Integra Resources Stock Up 16.5 %

The firm’s 50 day simple moving average is C$1.70 and its 200 day simple moving average is C$1.47. The company has a market cap of C$258.83 million, a price-to-earnings ratio of -4.53 and a beta of 1.37. The company has a quick ratio of 1.49, a current ratio of 0.82 and a debt-to-equity ratio of 35.54.

Insider Buying and Selling

In related news, Director George Salamis acquired 24,500 shares of Integra Resources stock in a transaction that occurred on Friday, January 24th. The stock was acquired at an average price of C$1.40 per share, with a total value of C$34,282.85. Insiders acquired 45,000 shares of company stock valued at $61,033 in the last three months. 17.78% of the stock is currently owned by corporate 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.