Integra Resources (CVE:ITR) Hits New 52-Week High – Time to Buy?

Integra Resources Corp. (CVE:ITR) shares hit a new 52-week high on Thursday . The stock traded as high as C$1.83 and last traded at C$1.77, with a volume of 405207 shares trading hands. The stock had previously closed at C$1.67.

Integra Resources Trading Up 7.8 %

The company’s 50 day simple moving average is C$1.47 and its two-hundred day simple moving average is C$1.39. The company has a market capitalization of C$212.74 million, a price-to-earnings ratio of -3.72 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 Transactions at Integra Resources

In related news, Director George Salamis acquired 24,500 shares of the business’s stock in a transaction dated Friday, January 24th. The shares were purchased at an average price of C$1.40 per share, for a total transaction of C$34,282.85. Insiders acquired 38,500 shares of company stock valued at $50,893 in the last quarter. 17.78% of the stock is currently owned by corporate 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.