Integra Resources (CVE:ITR) Trading 11.7% Higher - Still a 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)'s stock price was up 11.7% during trading on Friday . The stock traded as high as C$2.59 and last traded at C$2.57. Approximately 932,903 shares were traded during trading, an increase of 124% from the average daily volume of 416,458 shares. The stock had previously closed at C$2.30.

Integra Resources Price Performance

The company has a 50 day moving average price of C$2.15 and a 200 day moving average price of C$2.04. The firm has a market cap of C$303.74 million, a PE ratio of -5.32 and a beta of 1.37. The company has a current ratio of 0.82, a quick ratio of 1.49 and a debt-to-equity ratio of 35.54.

Insider Transactions at Integra Resources

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

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.