Integra Resources (CVE:ITR) Stock Price Up 16.5% – What’s Next?

Shares of Integra Resources Corp. (CVE:ITR) 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 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 increased their price target on shares of Integra Resources from C$3.25 to C$3.75 in a research note on Friday, April 4th.

Integra Resources Trading Up 16.5 %

The stock has a 50-day moving average of C$1.70 and a two-hundred day moving average of C$1.47. The company has a market cap of C$258.83 million, a P/E ratio of -4.53 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.

Insider Transactions at Integra Resources

In other news, Director George Salamis purchased 24,500 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The shares were bought at an average price of C$1.40 per share, for a total transaction of C$34,282.85. Over the last three months, insiders have purchased 45,000 shares of company stock valued at $61,033. 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.