Integra Resources (CVE:ITR) Trading 16.5% Higher - Still a Buy?

Integra Resources Corp. (CVE:ITR - Get Free Report) shares traded up 16.5% during mid-day trading on Saturday . The company 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.

Analyst Upgrades and Downgrades

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

Integra Resources Trading Down 6.5 %

The firm has a 50-day moving average of C$1.74 and a 200 day moving average of C$1.49. The company has a market cap of C$274.20 million, a P/E ratio of -4.80 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.

Insiders Place Their Bets

In related news, Director George Salamis acquired 24,500 shares of the company's stock in a transaction dated Friday, January 24th. The shares were purchased at an average price of C$1.40 per share, for a total transaction of C$34,282.85. Company insiders own 17.78% of the company's stock.

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.