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Integra Resources (CVE:ITR) Trading 5.7% Higher - What's Next?

Integra Resources logo with Basic Materials background

Key Points

  • Integra Resources Corp.'s share price increased by 5.7% during trading, reaching C$2.43, despite a 46% decline in trading volume compared to its average session.
  • Wall Street firm Stifel Nicolaus raised their price target on Integra Resources from C$4.00 to C$4.50, indicating growing confidence in the company's prospects.
  • Senior Officer Dale Kerner purchased 34,720 shares at an average price of C$1.96, showcasing insider confidence as corporate insiders hold 17.78% of the company's stock.
  • MarketBeat previews top five stocks to own in October.

Integra Resources Corp. (CVE:ITR - Get Free Report) shares traded up 5.7% on Friday . The company traded as high as C$2.43 and last traded at C$2.43. 224,433 shares changed hands during trading, a decline of 46% from the average session volume of 412,231 shares. The stock had previously closed at C$2.30.

Integra Resources Price Performance

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 stock has a market capitalization of C$303.74 million, a P/E ratio of -5.32 and a beta of 1.37. The stock's fifty day simple moving average is C$2.15 and its two-hundred day simple moving average is C$2.04.

Insider Activity

In related 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 bought at an average price of C$1.96 per share, for a total transaction of C$67,995.65. Company insiders own 17.78% of the company's stock.

Integra Resources Company Profile

(Get Free Report)

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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