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

Integra Resources Corp. (CVE:ITR - Get Free Report)'s share price was 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. Approximately 1,238,531 shares were traded 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 lifted their price objective on shares of Integra Resources from C$3.25 to C$3.75 in a research note on Friday, April 4th.

Integra Resources Trading Down 7.3 %

The stock has a market cap of C$271.83 million, a P/E ratio of -4.76 and a beta of 1.37. The company has a 50-day moving average price of C$1.74 and a two-hundred day moving average price of C$1.49. The company has a current ratio of 0.82, a quick ratio of 1.49 and a debt-to-equity ratio of 35.54.

Insider Activity

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

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.