Integra Resources (CVE:ITR) Stock Price Up 16.5% - Should You Buy?

Shares of Integra Resources Corp. (CVE:ITR - Get Free Report) shot up 16.5% during trading on Saturday . The stock traded as high as C$2.23 and last traded at C$2.19. 1,238,531 shares were traded 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 lifted their target price on shares of Integra Resources from C$3.25 to C$3.75 in a report on Friday, April 4th.

Integra Resources Price Performance

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 stock's fifty day moving average price is C$1.74 and its 200-day moving average price is C$1.49. The firm has a market cap of C$276.56 million, a PE ratio of -4.84 and a beta of 1.37.

Insider Buying and Selling at Integra Resources

In other news, Director George Salamis purchased 24,500 shares of the company's stock in a transaction dated 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 currently owned by corporate 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.