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

Integra Resources Corp. (CVE:ITR) traded up 16.5% during trading on Saturday . The company traded as high as C$2.23 and last traded at C$2.19. 1,238,531 shares were traded during trading, an increase of 229% from the average session volume of 376,712 shares. The stock had previously closed at C$1.88.

Wall Street Analysts Forecast Growth

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

Integra Resources Stock Up 16.5 %

The stock has a market cap of C$258.83 million, a price-to-earnings ratio of -4.53 and a beta of 1.37. 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 firm’s 50-day simple moving average is C$1.70 and its two-hundred day simple moving average is C$1.47.

Insider Activity

In other news, Director George Salamis bought 24,500 shares of the company’s stock in a transaction dated Friday, January 24th. The stock was bought at an average price of C$1.40 per share, for a total transaction of C$34,282.85. Insiders have purchased 45,000 shares of company stock valued at $61,033 over the last three months. 17.78% of the stock is owned by insiders.

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.