Integra Resources (CVE:ITR) Trading Up 16.5% - What's Next?

Shares of Integra Resources Corp. (CVE:ITR - Get Free Report) were up 16.5% during mid-day trading on Saturday . The stock traded as high as C$2.23 and last traded at C$2.19. Approximately 1,238,531 shares traded 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.

Analyst Ratings Changes

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

Integra Resources Price Performance

The company has a quick ratio of 1.49, a current ratio of 0.82 and a debt-to-equity ratio of 35.54. The company's fifty day moving average price is C$1.74 and its 200 day moving average price is C$1.49. The company has a market capitalization of C$274.20 million, a P/E ratio of -4.80 and a beta of 1.37.

Insiders Place Their Bets

In other news, Director George Salamis acquired 24,500 shares of Integra Resources stock in a transaction on Friday, January 24th. The shares were purchased at an average cost of C$1.40 per share, for a total transaction of C$34,282.85. 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.