Integra Resources (CVE:ITR) Trading Up 2% - Here's Why

Shares of Integra Resources Corp. (CVE:ITR - Get Free Report) shot up 2% on Wednesday . The stock traded as high as C$1.58 and last traded at C$1.56. 391,538 shares traded hands during mid-day trading, an increase of 22% from the average session volume of 320,365 shares. The stock had previously closed at C$1.53.

Wall Street Analysts Forecast Growth

Separately, Cormark boosted their price target on Integra Resources from C$4.00 to C$5.00 and gave the stock a "buy" rating in a research note on Monday, November 11th.

Integra Resources Stock Up 0.6 %

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 company has a market cap of C$185.56 million, a P/E ratio of -3.25 and a beta of 1.37. The company has a fifty day moving average of C$1.45 and a 200 day moving average of C$1.38.

Insider Buying and Selling

In related news, Director George Salamis purchased 24,500 shares of the business's stock in a transaction on Friday, January 24th. The stock was acquired at an average price of C$1.40 per share, with a total value of C$34,282.85. Insiders bought 38,500 shares of company stock valued at $50,893 over the last 90 days. 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.