Integra Resources (CVE:ITR) Stock Price Up 16.5% - Here's Why

Integra Resources Corp. (CVE:ITR - Get Free Report) shares were up 16.5% 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 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 debt-to-equity ratio of 35.54, a current ratio of 0.82 and a quick ratio of 1.49. The company has a market capitalization of C$276.56 million, a price-to-earnings ratio of -4.84 and a beta of 1.37. The stock has a 50-day moving average price of C$1.74 and a 200-day moving average price of C$1.49.

Insider Buying and Selling at Integra Resources

In other news, Director George Salamis acquired 24,500 shares of the firm's stock in a transaction on Friday, January 24th. The shares were purchased at an average cost of C$1.40 per share, with a total value of C$34,282.85. 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.