Insider Selling: Idaho Strategic Resources (NYSEAMERICAN:IDR) CEO Sells $2,651,215.70 in Stock

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) CEO John Swallow sold 87,470 shares of the business’s stock in a transaction that occurred on Tuesday, September 23rd. The stock was sold at an average price of $30.31, for a total transaction of $2,651,215.70. Following the completion of the sale, the chief executive officer owned 695,778 shares in the company, valued at $21,089,031.18. The trade was a 11.17% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

John Swallow also recently made the following trade(s):

• On Tuesday, August 19th, John Swallow sold 50,000 shares of Idaho Strategic Resources stock. The stock was sold at an average price of $23.51, for a total transaction of $1,175,500.00.
• On Thursday, July 10th, John Swallow sold 100,000 shares of Idaho Strategic Resources stock. The stock was sold at an average price of $15.27, for a total transaction of $1,527,000.00.

Idaho Strategic Resources Price Performance

NYSEAMERICAN IDR opened at $32.54 on Friday. Idaho Strategic Resources, Inc. has a 1 year low of $9.67 and a 1 year high of $33.68. The business’s fifty day moving average is $24.99 and its two-hundred day moving average is $18.07. The stock has a market capitalization of $472.16 million, a P/E ratio of 50.06 and a beta of 0.77. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.78 and a current ratio of 5.11.

Wall Street Analysts Forecast Growth

Separately, Roth Capital reissued a “buy” rating on shares of Idaho Strategic Resources in a research note on Monday, September 8th. Two analysts have rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $17.50.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of IDR. Northern Trust Corp raised its position in Idaho Strategic Resources by 41.9% during the fourth quarter. Northern Trust Corp now owns 57,166 shares of the company’s stock valued at $583,000 after buying an additional 16,872 shares during the period. BNP Paribas Financial Markets purchased a new position in Idaho Strategic Resources during the 4th quarter valued at about $150,000. Millennium Management LLC increased its holdings in shares of Idaho Strategic Resources by 169.6% in the 4th quarter. Millennium Management LLC now owns 120,768 shares of the company’s stock valued at $1,231,000 after purchasing an additional 75,969 shares during the period. Two Sigma Investments LP purchased a new stake in shares of Idaho Strategic Resources in the fourth quarter worth approximately $204,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of Idaho Strategic Resources in the fourth quarter worth approximately $270,000. Hedge funds and other 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.