Idaho Strategic Resources (NYSEAMERICAN:IDR) Stock Price Passes Above 200-Day Moving Average – Should You Sell?

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of €0.00 ($0.00) and traded as high as €10.60 ($11.04). Idaho Strategic Resources shares last traded at €10.22 ($10.65), with a volume of 165,700 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Roth Mkm increased their price target on Idaho Strategic Resources from $10.00 to $14.00 and gave the company a “buy” rating in a report on Monday, August 26th.

Idaho Strategic Resources Stock Performance

The company has a market cap of $139.61 million, a price-to-earnings ratio of 20.04 and a beta of 0.74. The company has a debt-to-equity ratio of 0.06, a quick ratio of 5.15 and a current ratio of 5.52.

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)). Idaho Strategic Resources had a net margin of 30.44% and a return on equity of 24.55%. The business had revenue of €6.15 million for the quarter, compared to the consensus estimate of €7.40 million. As a group, research analysts expect that Idaho Strategic Resources, Inc. will post 0.71 earnings per share for the current year.

Insider Activity at Idaho Strategic Resources

In other Idaho Strategic Resources news, CEO John Swallow sold 225,000 shares of Idaho Strategic Resources stock in a transaction 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 directly owns 955,248 shares of the company’s stock, valued at €12,456,433.92 ($12,975,452). This trade represents a 19.06 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Monique D. Hayes sold 7,746 shares of the 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 transaction, the insider now directly owns 27,670 shares of the company’s stock, valued at approximately €318,481.70 ($331,751.77). The trade was a 21.87 % decrease in their position. The disclosure for this sale can be found here. 12.66% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Idaho Strategic Resources

A number of large investors have recently made changes to their positions in the company. Eastern Bank purchased a new position in Idaho Strategic Resources during the 3rd quarter valued at $40,000. WR Wealth Planners LLC lifted its position in shares of Idaho Strategic Resources by 145.2% during the second quarter. WR Wealth Planners LLC now owns 3,923 shares of the company’s stock worth $39,000 after purchasing an additional 2,323 shares during the last quarter. Quantbot Technologies LP bought a new position in shares of Idaho Strategic Resources in the third quarter worth about $79,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Idaho Strategic Resources in the third quarter worth about $90,000. Finally, Barclays PLC increased its stake in Idaho Strategic Resources by 10,713.2% in the 3rd quarter. Barclays PLC now owns 9,840 shares of the company’s stock worth $158,000 after buying an additional 9,749 shares during the period. 8.70% of the stock is owned by hedge funds and other 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.