Integra Resources (CVE:ITR) Stock Price Up 16.5% - Here's What Happened

Integra Resources Corp. (CVE:ITR - Get Free Report)'s stock price shot 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 traded hands during mid-day 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 boosted their price target on Integra Resources from C$3.25 to C$3.75 in a report on Friday, April 4th.

Integra Resources Stock Down 5.6 %

The firm has a market cap of C$276.56 million, a price-to-earnings ratio of -4.84 and a beta of 1.37. The stock has a 50-day moving average of C$1.74 and a 200-day moving average of C$1.49. 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 Activity at Integra Resources

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