Integra Resources (CVE:ITR) Trading Up 16.5% – Here’s What Happened

Integra Resources Corp. (CVE:ITR) shot up 16.5% on Saturday . The company traded as high as C$2.23 and last traded at C$2.19. 1,238,531 shares changed 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 Upgrades and Downgrades

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

Integra Resources Stock Up 16.5 %

The company has a debt-to-equity ratio of 35.54, a quick ratio of 1.49 and a current ratio of 0.82. The company has a market capitalization of C$258.83 million, a PE ratio of -4.53 and a beta of 1.37. The company’s 50-day moving average is C$1.70 and its 200 day moving average is C$1.47.

Insider Activity

In related news, Director George Salamis bought 24,500 shares of the stock in a transaction on Friday, January 24th. The shares were acquired at an average price of C$1.40 per share, for a total transaction of C$34,282.85. Insiders have bought a total of 45,000 shares of company stock worth $61,033 over the last 90 days. 17.78% of the stock is currently owned by 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.