Integra Resources (CVE:ITR) Stock Price Up 16.5% - Here's Why

Integra Resources Corp. (CVE:ITR - Get Free Report) shares shot 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 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 upped their target price on Integra Resources from C$3.25 to C$3.75 in a research note on Friday, April 4th.

Integra Resources Trading Down 5.6 %

The company has a market capitalization of C$276.56 million, a price-to-earnings ratio of -4.84 and a beta of 1.37. 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 business's 50 day moving average price is C$1.74 and its two-hundred day moving average price is C$1.49.

Insider Activity at Integra Resources

In other news, Director George Salamis purchased 24,500 shares of Integra Resources stock in a transaction dated Friday, January 24th. The shares were bought at an average cost of C$1.40 per share, for a total transaction of C$34,282.85. 17.78% of the stock is owned by insiders.

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.