Insider Selling: Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) Insider Sells 7,746 Shares of Stock

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) insider Monique D. Hayes sold 7,746 shares of the firm’s stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of €11.51 ($12.24), for a total value of €89,156.46 ($94,847.30). Following the completion of the transaction, the insider now directly owns 27,670 shares in the company, valued at €318,481.70 ($338,810.32). This trade represents a 21.87 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Idaho Strategic Resources Stock Up 5.1 %

Shares of NYSEAMERICAN IDR traded up €0.56 ($0.60) during trading on Thursday, hitting €11.58 ($12.32). The company had a trading volume of 290,789 shares, compared to its average volume of 115,278. The company has a quick ratio of 5.15, a current ratio of 5.52 and a debt-to-equity ratio of 0.06. Idaho Strategic Resources, Inc. has a 12 month low of €4.84 ($5.15) and a 12 month high of €18.35 ($19.52). The company has a market capitalization of $158.18 million, a P/E ratio of 22.08 and a beta of 0.81.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last issued its earnings results on Monday, November 4th. The company reported €0.15 ($0.16) earnings per share (EPS) for the quarter, missing the consensus estimate of €0.21 ($0.22) by (€0.06) (($0.06)). The business had revenue of €6.15 million for the quarter, compared to the consensus estimate of €7.40 million. Idaho Strategic Resources had a net margin of 30.44% and a return on equity of 24.55%. On average, equities research analysts predict that Idaho Strategic Resources, Inc. will post 0.71 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm raised their price objective on Idaho Strategic Resources from $10.00 to $14.00 and gave the stock a “buy” rating in a research note on Monday, August 26th.

Institutional Trading of Idaho Strategic Resources

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. WR Wealth Planners LLC grew its holdings in Idaho Strategic Resources by 145.2% during the 2nd quarter. WR Wealth Planners LLC now owns 3,923 shares of the company’s stock valued at $39,000 after buying an additional 2,323 shares in the last quarter. Eastern Bank purchased a new position in shares of Idaho Strategic Resources in the 3rd quarter worth approximately $40,000. Quantbot Technologies LP purchased a new position in shares of Idaho Strategic Resources in the 3rd quarter worth approximately $79,000. Dimensional Fund Advisors LP purchased a new position in shares of Idaho Strategic Resources in the 2nd quarter worth approximately $108,000. Finally, D.A. Davidson & CO. purchased a new position in shares of Idaho Strategic Resources in the 3rd quarter worth approximately $417,000. Institutional investors own 8.70% of the company’s stock.

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.