Short Interest in Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) Increases By 13.8%

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) saw a significant growth in short interest in June. As of June 15th, there was short interest totalling 102,400 shares, a growth of 13.8% from the May 31st total of 90,000 shares. Approximately 1.0% of the shares of the stock are sold short. Based on an average daily volume of 65,200 shares, the short-interest ratio is presently 1.6 days.

Insider Buying and Selling at Idaho Strategic Resources

In other Idaho Strategic Resources news, VP Grant A. Brackebusch sold 3,539 shares of the company’s stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of €9.67 ($10.40), for a total value of €34,222.13 ($36,797.99). Following the sale, the vice president now owns 132,989 shares of the company’s stock, valued at €1,286,003.63 ($1,382,799.60). The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Grant A. Brackebusch sold 3,033 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of €9.50 ($10.22), for a total transaction of €28,813.50 ($30,982.26). Following the completion of the transaction, the vice president now owns 128,923 shares of the company’s stock, valued at €1,224,768.50 ($1,316,955.38). The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, VP Grant A. Brackebusch sold 3,539 shares of the company’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of €9.67 ($10.40), for a total transaction of €34,222.13 ($36,797.99). Following the transaction, the vice president now directly owns 132,989 shares of the company’s stock, valued at approximately €1,286,003.63 ($1,382,799.60). The disclosure for this sale can be found here. Insiders have sold 153,337 shares of company stock valued at $1,304,362 over the last quarter. Corporate insiders own 12.66% of the company’s stock.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in Idaho Strategic Resources stock. Salem Investment Counselors Inc. bought a new stake in Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 13,354 shares of the company’s stock, valued at approximately $85,000. Salem Investment Counselors Inc. owned 0.11% of Idaho Strategic Resources at the end of the most recent quarter. Institutional investors own 8.70% of the company’s stock.

Idaho Strategic Resources Trading Up 12.0 %

IDR opened at €10.73 ($11.54) on Wednesday. The company has a quick ratio of 3.65, a current ratio of 4.08 and a debt-to-equity ratio of 0.09. Idaho Strategic Resources has a 52-week low of €4.48 ($4.82) and a 52-week high of €10.99 ($11.82). The company has a market cap of $136.70 million, a price-to-earnings ratio of 39.44 and a beta of 0.78.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last announced its earnings results on Monday, May 6th. The company reported €0.17 ($0.18) earnings per share for the quarter, beating the consensus estimate of €0.06 ($0.06) by €0.11 ($0.12). The business had revenue of €5.90 million during the quarter, compared to the consensus estimate of €4.90 million. Idaho Strategic Resources had a net margin of 20.16% and a return on equity of 15.71%. On average, research analysts expect that Idaho Strategic Resources will post 0.27 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm boosted their price objective on shares of Idaho Strategic Resources from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd.

Idaho Strategic Resources Company Profile

Idaho Strategic Resources, Inc, a resource-based company, engages in exploring for, developing, and extracting gold, silver, and base metal mineral resources in the Greater Coeur d'Alene Mining District of North Idaho. Its portfolio of mineral properties includes the Golden Chest Mine, a producing gold mine located in the Murray Gold Belt (MGB) of North Idaho; approximately 1,500 acres of patented mineral property and approximately 5,000 acres of nearby and adjacent un-patented mineral property located within the MGB; rare earth element projects located in the Idaho REE-Th Belt near Salmon, Idaho; and early-stage exploration properties in Central Idaho.