Integra Resources (CVE:ITR) Shares Up 16.5% - Still a Buy?

Integra Resources Corp. (CVE:ITR - Get Free Report)'s share price traded up 16.5% during trading on Saturday . The company traded as high as C$2.23 and last traded at C$2.19. 1,238,531 shares changed hands during trading, an increase of 229% from the average session volume of 376,712 shares. The stock had previously closed at C$1.88.

Wall Street Analysts Forecast Growth

Separately, Raymond James lifted their price objective on Integra Resources from C$3.25 to C$3.75 in a research note on Friday, April 4th.

Integra Resources Price Performance

The firm has a market capitalization of C$274.20 million, a P/E ratio of -4.80 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. The firm has a 50 day moving average price of C$1.76 and a 200-day moving average price of C$1.50.

Insiders Place Their Bets

In other Integra Resources news, Director George Salamis bought 24,500 shares of the company's stock in a transaction on Friday, January 24th. The stock was acquired at an average price of C$1.40 per share, for a total transaction of C$34,282.85. 17.78% of the stock is owned by 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.