Integra Resources (CVE:ITR) Sets New 52-Week High – Still a Buy?

Integra Resources Corp. (CVE:ITR) shares reached a new 52-week high during trading on Wednesday . The stock traded as high as C$1.75 and last traded at C$1.75, with a volume of 418230 shares changing hands. The stock had previously closed at C$1.64.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ITR shares. Cormark increased their price objective on shares of Integra Resources from C$4.00 to C$5.00 and gave the company a “buy” rating in a report on Monday, November 11th. Desjardins raised shares of Integra Resources to a “moderate buy” rating in a report on Thursday, October 31st.

Integra Resources Price Performance

The company has a current ratio of 1.06, a quick ratio of 1.49 and a debt-to-equity ratio of 29.05. The company has a market capitalization of C$154.81 million, a PE ratio of -3.57 and a beta of 1.37. The stock’s 50-day moving average is C$1.33 and its two-hundred day moving average is C$1.33.

Insider Buying and Selling

In other news, Director George Salamis acquired 24,500 shares of Integra Resources stock in a transaction that occurred 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 have bought 38,500 shares of company stock valued at $50,893 in the last ninety days. 17.78% of the stock is owned by company insiders.

About Integra Resources

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.