Insider Selling: Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) CEO Sells 225,000 Shares of Stock

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) CEO John Swallow sold 225,000 shares of the company’s stock in a transaction on Thursday, November 7th. The shares were sold at an average price of €13.04 ($14.33), for a total transaction of €2,934,000.00 ($3,224,175.82). Following the completion of the transaction, the chief executive officer now owns 955,248 shares of the company’s stock, valued at €12,456,433.92 ($13,688,388.92). This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Idaho Strategic Resources Price Performance

NYSEAMERICAN IDR traded down €0.16 ($0.18) during trading hours on Thursday, reaching €12.97 ($14.25). 700,900 shares of the company’s stock were exchanged, compared to its average volume of 108,051. The stock has a market cap of $168.09 million, a price-to-earnings ratio of 25.43 and a beta of 0.81. Idaho Strategic Resources, Inc. has a one year low of €4.75 ($5.22) and a one year high of €18.35 ($20.16). The company has a debt-to-equity ratio of 0.07, a quick ratio of 5.58 and a current ratio of 6.01.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last posted 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 ($0.23) by (€0.06) (($0.07)). Idaho Strategic Resources had a return on equity of 27.43% and a net margin of 30.44%. The company had revenue of €6.15 million during the quarter, compared to analyst estimates of €7.40 million. Analysts anticipate that Idaho Strategic Resources, Inc. will post 0.77 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

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

Hedge Funds Weigh In On Idaho Strategic Resources

Several institutional investors have recently modified their holdings of IDR. Eastern Bank purchased a new stake in shares of Idaho Strategic Resources during the third quarter worth about $40,000. WR Wealth Planners LLC boosted its holdings in shares of Idaho Strategic Resources by 145.2% during the 2nd 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. Dimensional Fund Advisors LP purchased a new stake in shares of Idaho Strategic Resources during the second quarter worth $108,000. Brighton Jones LLC purchased a new position in shares of Idaho Strategic Resources during the second quarter worth about $496,000. Finally, Renaissance Technologies LLC increased its holdings in Idaho Strategic Resources by 24.7% in the second quarter. Renaissance Technologies LLC now owns 60,750 shares of the company’s stock valued at $599,000 after buying an additional 12,050 shares in the last quarter. 8.70% of the stock is currently owned by institutional investors.

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.