Integra Resources (CVE:ITR) Stock Price Up 16.5% - Should You Buy?

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

Wall Street Analysts Forecast Growth

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

Integra Resources Stock 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 firm has a 50-day simple moving average of C$1.74 and a 200 day simple moving average of C$1.49. The company has a market cap of C$274.20 million, a price-to-earnings ratio of -4.80 and a beta of 1.37.

Insider Buying and Selling

In related news, Director George Salamis acquired 24,500 shares of Integra Resources stock in a transaction on Friday, January 24th. The stock was purchased at an average cost of C$1.40 per share, with a total value of C$34,282.85. 17.78% of the stock is owned by company 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.