Idaho Strategic Resources (NYSEAMERICAN:IDR) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR)’s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of €0.00 ($0.00) and traded as high as €13.40 ($13.96). Idaho Strategic Resources shares last traded at €13.03 ($13.57), with a volume of 175,700 shares.

Idaho Strategic Resources Price Performance

The company has a debt-to-equity ratio of 0.06, a quick ratio of 5.15 and a current ratio of 5.52. The stock has a market cap of $177.99 million, a price-to-earnings ratio of 25.55 and a beta of 0.79.

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

Insider Buying and Selling at Idaho Strategic Resources

In related news, insider Monique D. Hayes sold 7,746 shares of the business’s stock in a transaction dated 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 €318,481.70 ($331,751.77). This represents a 21.87 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO John Swallow sold 225,000 shares of Idaho Strategic Resources 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 value of €2,934,000.00 ($3,056,250.00). Following the completion of the transaction, the chief executive officer now owns 955,248 shares of the company’s stock, valued at approximately €12,456,433.92 ($12,975,452). The trade was a 19.06 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 12.66% of the stock is currently owned by insiders.

Institutional Trading of Idaho Strategic Resources

Several hedge funds have recently bought and sold shares of IDR. Dimensional Fund Advisors LP acquired a new stake in Idaho Strategic Resources in the 2nd quarter valued at approximately $108,000. Renaissance Technologies LLC increased its holdings in shares of Idaho Strategic Resources by 24.7% during the second quarter. Renaissance Technologies LLC now owns 60,750 shares of the company’s stock valued at $599,000 after purchasing an additional 12,050 shares during the period. Eastern Bank bought a new stake in shares of Idaho Strategic Resources during the third quarter valued at about $40,000. Navellier & Associates Inc. raised its stake in shares of Idaho Strategic Resources by 104.6% during the third quarter. Navellier & Associates Inc. now owns 49,817 shares of the company’s stock valued at $801,000 after purchasing an additional 25,469 shares in the last quarter. Finally, D.A. Davidson & CO. acquired a new stake in Idaho Strategic Resources in the third quarter worth about $417,000. 8.70% of the stock is currently owned by institutional investors.

About Idaho Strategic Resources

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.