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

Integra Resources Corp. (CVE:ITR - Get Free Report)'s stock price 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 Ratings Changes

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

Integra Resources Stock Performance

The company has a debt-to-equity ratio of 35.54, a current ratio of 0.82 and a quick ratio of 1.49. The stock has a market cap of C$274.20 million, a P/E ratio of -4.80 and a beta of 1.37. The firm's 50-day moving average price is C$1.76 and its 200-day moving average price is C$1.50.

Insider Buying and Selling

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