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

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

Insider Transactions at Idaho Strategic Resources

In other news, VP Grant A. Brackebusch sold 3,033 shares of the company’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of €9.50 ($10.22), for a total transaction of €28,813.50 ($30,982.26). Following the sale, the vice president now owns 128,923 shares in the company, valued at approximately €1,224,768.50 ($1,316,955.38). The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Idaho Strategic Resources news, CEO John Swallow sold 140,687 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of €8.39 ($9.02), for a total transaction of €1,180,363.93 ($1,269,208.53). Following the transaction, the chief executive officer now owns 1,203,546 shares in the company, valued at approximately €10,097,750.94 ($10,857,796.71). The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, VP Grant A. Brackebusch sold 3,033 shares of the stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of €9.50 ($10.22), for a total value of €28,813.50 ($30,982.26). Following the transaction, the vice president now owns 128,923 shares in the company, valued at approximately €1,224,768.50 ($1,316,955.38). The disclosure for this sale can be found here. Insiders have sold a total of 153,337 shares of company stock worth $1,304,362 in the last 90 days. Corporate insiders own 12.66% of the company’s stock.

Institutional Investors Weigh In On Idaho Strategic Resources

A hedge fund recently raised its stake in Idaho Strategic Resources stock. Vanguard Group Inc. boosted its holdings in Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) by 3.6% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 466,215 shares of the company’s stock after purchasing an additional 16,215 shares during the quarter. Vanguard Group Inc. owned about 3.71% of Idaho Strategic Resources worth $3,944,000 at the end of the most recent quarter. 8.70% of the stock is owned by institutional investors and hedge funds.

Idaho Strategic Resources Stock Up 12.0 %

NYSEAMERICAN:IDR opened at €10.73 ($11.54) on Wednesday. The stock has a market capitalization of $136.70 million, a P/E ratio of 39.44 and a beta of 0.78. The company has a current ratio of 4.08, a quick ratio of 3.65 and a debt-to-equity ratio of 0.09. Idaho Strategic Resources has a twelve month low of €4.48 ($4.82) and a twelve month high of €10.99 ($11.82).

Idaho Strategic Resources (NYSEAMERICAN:IDR) last issued its quarterly earnings data on Monday, May 6th. The company reported €0.17 ($0.18) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of €0.06 ($0.06) by €0.11 ($0.12). Idaho Strategic Resources had a return on equity of 15.71% and a net margin of 20.16%. The company had revenue of €5.90 million during the quarter, compared to the consensus estimate of €4.90 million. As a group, sell-side analysts predict that Idaho Strategic Resources will post 0.27 EPS for the current year.

Analyst Upgrades and Downgrades

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

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.