Integra Resources (CVE:ITR) Trading 5.7% Higher - Should You Buy?

Key Points

• Integra Resources Corp. (CVE:ITR) saw its stock price increase by 5.7%, closing at C$2.43, despite a 46% drop in trading volume compared to its average.
• Stifel Nicolaus upgraded Integra's target price from C$4.00 to C$4.50, indicating a positive outlook for the company's stock.
• Insider transactions revealed that Senior Officer Dale Kerner purchased 34,720 shares at an average price of C$1.96, demonstrating confidence in the company's performance.

Shares of Integra Resources Corp. (CVE:ITR - Get Free Report) traded up 5.7% during trading on Friday . The stock 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 firm has a market cap of C$303.74 million, a P/E ratio of -5.32 and a beta of 1.37. 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 firm's fifty day moving average is C$2.15 and its 200 day moving average is C$2.04.

Insider Activity

In related news, Senior Officer Dale Kerner purchased 34,720 shares of the business's stock in a transaction that occurred on Friday, June 27th. The stock was acquired at an average cost 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

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.