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

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

Wall Street Analyst Weigh In

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

Integra Resources Stock Down 6.5 %

The firm's fifty day simple moving average is C$1.76 and its two-hundred day simple moving average is C$1.50. 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 company has a market capitalization of C$274.20 million, a price-to-earnings ratio of -4.80 and a beta of 1.37.

Insider Buying and Selling

In related news, Director George Salamis bought 24,500 shares of the stock in a transaction on Friday, January 24th. The stock was 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 currently owned by company 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.