Integra Resources (CVE:ITR) Hits New 52-Week High - Time to Buy?

Key Points

• Integra Resources Corp. (CVE:ITR) shares hit a new 52-week high, trading at C$3.39 after peaking at C$3.44, reflecting a significant increase of 9.6%.
• The company has a market cap of C$581.37 million and a P/E ratio of 31.27, with notable insider buying as an officer acquired 34,720 shares at an average price of C$1.96.
• Integra focuses on exploration and development of precious metals, particularly through its DeLamar Project in Idaho and other projects in Nevada.

Shares of Integra Resources Corp. (CVE:ITR - ) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as C$3.44 and last traded at C$3.39, with a volume of 224442 shares changing hands. The stock had previously closed at C$3.14.

Integra Resources Stock Up 9.6%

The stock has a market cap of C$581.37 million, a P/E ratio of 31.27 and a beta of 0.79. The company has a current ratio of 0.82, a quick ratio of 1.49 and a debt-to-equity ratio of 35.54. The firm's fifty day moving average is C$2.27 and its 200 day moving average is C$2.11.

Insider Buying and Selling

In other news, Senior Officer Dale Kerner bought 34,720 shares of the company's stock in a transaction that occurred on Friday, June 27th. The shares were purchased at an average price of C$1.96 per share, for a total transaction of C$67,995.65. 17.78% of the stock is owned by company 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.

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