Idaho Strategic Resources (NYSEAMERICAN:IDR) Share Price Passes Above 200-Day Moving Average - Here's Why

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR - Get Free Report)'s stock price passed 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 €10.60 ($11.04). Idaho Strategic Resources shares last traded at €10.22 ($10.65), with a volume of 165,700 shares.

Analyst Ratings Changes

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

Idaho Strategic Resources Price Performance

The company has a quick ratio of 5.15, a current ratio of 5.52 and a debt-to-equity ratio of 0.06. The stock has a market cap of $143.29 million, a price-to-earnings ratio of 20.57 and a beta of 0.74.

Idaho Strategic Resources (NYSEAMERICAN:IDR - Get Free Report) last released its quarterly earnings data on Monday, November 4th. The company reported €0.15 ($0.16) EPS for the quarter, missing analysts' consensus estimates of €0.21 ($0.22) by (€0.06) (($0.06)). The firm had revenue of €6.15 million during 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%. As a group, analysts anticipate that Idaho Strategic Resources, Inc. will post 0.71 EPS for the current year.

Insider Transactions at Idaho Strategic Resources

In other news, insider Monique D. Hayes sold 7,746 shares of the stock in a transaction dated Wednesday, November 13th. The stock was sold at an average price of €11.51 ($11.99), for a total transaction of €89,156.46 ($92,871.31). Following the transaction, the insider now directly owns 27,670 shares in the company, valued at approximately €318,481.70 ($331,751.77). This represents a 21.87 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO John Swallow sold 225,000 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer now directly owns 955,248 shares in the company, valued at approximately €12,456,433.92 ($12,975,452). This represents 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 owned by insiders.

Hedge Funds Weigh In On Idaho Strategic Resources

A number of large investors have recently added to or reduced their stakes in IDR. Geode Capital Management LLC lifted its position in Idaho Strategic Resources by 9.5% in the third quarter. Geode Capital Management LLC now owns 115,301 shares of the company's stock valued at $1,854,000 after purchasing an additional 9,991 shares during the last quarter. Renaissance Technologies LLC increased its stake in shares of Idaho Strategic Resources by 24.7% in the second quarter. Renaissance Technologies LLC now owns 60,750 shares of the company's stock worth $599,000 after buying an additional 12,050 shares during the period. Brighton Jones LLC purchased a new position in shares of Idaho Strategic Resources in the second quarter worth $496,000. Navellier & Associates Inc. raised its holdings in Idaho Strategic Resources by 104.6% during the 3rd quarter. Navellier & Associates Inc. now owns 49,817 shares of the company's stock valued at $801,000 after buying an additional 25,469 shares during the last quarter. Finally, State Street Corp grew its holdings in Idaho Strategic Resources by 245.5% in the 3rd quarter. State Street Corp now owns 38,700 shares of the company's stock worth $622,000 after acquiring an additional 27,500 shares during the last quarter. 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.