Integra Resources (CVE:ITR) Trading 11.7% Higher - Time to Buy?

Key Points

• Integra Resources Corp. saw its stock price rise by 11.7%, trading as high as C$2.59, with a notable trading volume increase of 124% compared to its average session.
• Analysts from Stifel Nicolaus raised their price target for Integra Resources from C$4.00 to C$4.50, indicating potential future growth.
• Insider transactions included Senior Officer Dale Kerner purchasing 34,720 shares at C$1.96 each, suggesting confidence in the company's prospects.

Integra Resources Corp. (CVE:ITR - Get Free Report) shares shot up 11.7% on Friday . The company traded as high as C$2.59 and last traded at C$2.57. 932,903 shares changed hands during mid-day trading, an increase of 124% from the average session volume of 416,458 shares. The stock had previously closed at C$2.30.

Integra Resources Price Performance

The stock has a market capitalization of C$301.38 million, a price-to-earnings ratio of -5.28 and a beta of 1.37. The company has a quick ratio of 1.49, a current ratio of 0.82 and a debt-to-equity ratio of 35.54. The business has a 50-day simple moving average of C$2.15 and a two-hundred day simple moving average of C$2.03.

Insiders Place Their Bets

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