Idaho Strategic Resources (NYSEAMERICAN:IDR) Shares Pass Above Two Hundred Day Moving Average – Here’s Why

Shares of Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of €0.00 ($0.00) and traded as high as €12.29 ($12.80). Idaho Strategic Resources shares last traded at €12.27 ($12.78), with a volume of 140,900 shares trading hands.

Idaho Strategic Resources Price Performance

The company has a current ratio of 5.52, a quick ratio of 5.15 and a debt-to-equity ratio of 0.06. The stock has a market cap of $167.61 million, a P/E ratio of 24.06 and a beta of 0.79.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last issued its quarterly earnings data on Monday, November 4th. The company reported €0.15 ($0.16) EPS for the quarter, missing analysts’ consensus estimates of €0.21 ($0.22) by (€0.06) (($0.06)). The company had revenue of €6.15 million for the quarter, compared to the consensus estimate of €7.40 million. Idaho Strategic Resources had a return on equity of 24.55% and a net margin of 30.44%. Equities research analysts predict that Idaho Strategic Resources, Inc. will post 0.65 EPS for the current year.

Insider Buying and Selling

In related news, CEO John Swallow sold 225,000 shares of the business’s stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of €13.04 ($13.58), for a total transaction of €2,934,000.00 ($3,056,250.00). Following the completion of the transaction, the chief executive officer now owns 955,248 shares in the company, valued at approximately €12,456,433.92 ($12,975,452). The trade was a 19.06 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Monique D. Hayes sold 7,746 shares of the company’s stock in a transaction on Wednesday, November 13th. The shares were sold at an average price of €11.51 ($11.99), for a total transaction of €89,156.46 ($92,871.31). Following the completion of the sale, the insider now owns 27,670 shares of the company’s stock, valued at approximately €318,481.70 ($331,751.77). This represents a 21.87 % decrease in their position. The disclosure for this sale can be found here. 12.66% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Idaho Strategic Resources

A number of institutional investors and hedge funds have recently added to or reduced their stakes in IDR. State Street Corp raised its holdings in shares of Idaho Strategic Resources by 245.5% in the third quarter. State Street Corp now owns 38,700 shares of the company’s stock valued at $622,000 after purchasing an additional 27,500 shares during the last quarter. D.A. Davidson & CO. bought a new position in Idaho Strategic Resources in the third quarter valued at $417,000. Navellier & Associates Inc. increased its stake in Idaho Strategic Resources by 104.6% in the 3rd quarter. Navellier & Associates Inc. now owns 49,817 shares of the company’s stock valued at $801,000 after buying an additional 25,469 shares during the last quarter. JPMorgan Chase & Co. lifted its position in Idaho Strategic Resources by 59,773.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 15,567 shares of the company’s stock worth $250,000 after buying an additional 15,541 shares in the last quarter. Finally, Centiva Capital LP acquired a new position in shares of Idaho Strategic Resources during the 3rd quarter worth about $237,000. 8.70% of the stock is owned by institutional investors and hedge funds.

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.