Integra Resources (CVE:ITR) Trading Up 16.5% – Still a Buy?

Integra Resources Corp. (CVE:ITR) traded up 16.5% during mid-day trading on Saturday . The stock traded as high as C$2.23 and last traded at C$2.19. 1,238,531 shares changed hands during mid-day 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 lifted their target price 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 business has a fifty day moving average of C$1.70 and a 200 day moving average of C$1.47. The company has a debt-to-equity ratio of 35.54, a current ratio of 0.82 and a quick ratio of 1.49.

Insiders Place Their Bets

In other Integra Resources news, Director George Salamis acquired 24,500 shares of the business’s stock in a transaction that occurred 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 purchased 45,000 shares of company stock valued at $61,033 over the last quarter. 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.