George Salamis Acquires 24,500 Shares of Integra Resources Corp. (CVE:ITR)

On Friday, January 24th, George Salamis, a director of Integra Resources Corp. (CVE:ITR), purchased 24,500 shares of the company's stock. The shares were acquired at an average price of C$1.40 each, totaling approximately C$34,282.85 for the transaction.

In another recent move, Salamis also bought 10,000 shares of Integra Resources stock on January 15th. The shares in this transaction were bought at an average price of C$1.19 per share, amounting to a total of C$11,850.00.

Recent Price Performance of Integra Resources

During midday trading on Monday, shares of Integra Resources Corp. remained unchanged at C$1.37. The trading volume was 369,216 shares, which is higher than the average volume of 289,220 shares. The company has a low debt-to-equity ratio of 29.05. Its quick ratio stands at 1.49, while the current ratio is 1.06. The 50-day moving average for the stock is C$1.27, and the 200-day moving average is C$1.32. Over the past year, the stock has reached a low of C$0.86 and a high of C$1.75. Currently, Integra Resources has a market capitalization of C$121.19 million, a PE ratio of -2.80, and a beta value of 1.37.

Analysts Adjust Price Targets for Integra Resources

Recently, several research firms have provided updates on Integra Resources. Desjardins upgraded the shares to a "moderate buy" rating in a report released on October 31st. Subsequently, Cormark increased its target price for Integra Resources from C$4.00 to C$5.00 while also assigning it a "buy" rating in their report on November 11th.

About Integra Resources Corp.

Integra Resources Corp. is a company focused on the exploration and development of precious metals. It is primarily involved in acquiring and developing mineral properties, particularly in the Great Basin area of the Western United States. The firm primarily seeks gold and silver deposits and is particularly focused on the development of its DeLamar Project located in southwestern Idaho and the Wildcat and Mountain View Projects based in western Nevada.

Investment Considerations

Before investing in Integra Resources, it is vital for potential investors to evaluate the stock thoroughly. While it currently holds a "Buy" rating among analysts, some believe there are better investment opportunities available at the moment. It is important to assess market conditions and expert recommendations before making financial decisions.

Salamis, Investment, Integra