Integra Resources (CVE:ITR) Stock Price Up 16.2% – Here’s Why

by · The Cerbat Gem

Integra Resources Corp. (CVE:ITR – Get Free Report) shares shot up 16.2% during mid-day trading on Friday . The stock traded as high as C$2.19 and last traded at C$2.19. 1,046,766 shares changed hands during trading, an increase of 180% from the average session volume of 373,246 shares. The stock had previously closed at C$1.88.

Analyst Upgrades and Downgrades

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

Get Our Latest Report on ITR

Integra Resources Stock Up 16.5 %

The firm’s 50 day moving average price is C$1.68 and its two-hundred day moving average price is C$1.47. The firm has a market capitalization of C$258.83 million, a PE ratio of -4.53 and a beta of 1.37. The company has a quick ratio of 1.49, a current ratio of 0.82 and a debt-to-equity ratio of 35.54.

Insider Buying and Selling at Integra Resources

In other Integra Resources news, Director George Salamis bought 24,500 shares of the business’s stock in a transaction on Friday, January 24th. The shares were bought at an average cost of C$1.40 per share, with a total value of C$34,282.85. Insiders bought a total of 45,000 shares of company stock valued at $61,033 in the last ninety days. Insiders own 17.78% of the company’s stock.

Integra Resources Company Profile

(Get Free Report)

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.

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