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Integra Resources (CVE:ITR) Shares Up 16.5% - Time to Buy?

Integra Resources logo with Basic Materials background

Integra Resources Corp. (CVE:ITR - Get Free Report) shares traded up 16.5% during trading on Saturday . The stock traded as high as C$2.23 and last traded at C$2.19. 1,238,531 shares traded hands during mid-day 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 raised their price objective on Integra Resources from C$3.25 to C$3.75 in a research report on Friday, April 4th.

Read Our Latest Research Report on ITR

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 stock has a market cap of C$283.65 million, a PE ratio of -4.97 and a beta of 1.37. The firm has a fifty day moving average price of C$1.74 and a 200 day moving average price of C$1.49.

Insider Transactions at Integra Resources

In other 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. Insiders own 17.78% of the company's stock.

About Integra Resources

(Get Free Report)

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.

Further Reading

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