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

Integra Resources Corp. (CVE:ITR - Get Free Report)'s stock price was up 16.5% 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 target on Integra Resources from C$3.25 to C$3.75 in a report on Friday, April 4th.

Integra Resources Trading Down 6.5 %

The company has a quick ratio of 1.49, a current ratio of 0.82 and a debt-to-equity ratio of 35.54. The company has a market cap of C$274.20 million, a P/E ratio of -4.80 and a beta of 1.37. The business has a 50-day moving average price of C$1.74 and a two-hundred day moving average price of C$1.49.

Insiders Place Their Bets

In other Integra Resources news, Director George Salamis bought 24,500 shares of the stock in a transaction on Friday, January 24th. The stock was purchased at an average price of C$1.40 per share, with a total value of C$34,282.85. 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.