Idaho Strategic Resources (NYSEAMERICAN:IDR) Stock Price Crosses Above Two Hundred Day Moving Average – Should You Sell?

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) shares passed 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 €13.40 ($13.96). Idaho Strategic Resources shares last traded at €13.03 ($13.57), with a volume of 175,700 shares changing hands.

Idaho Strategic Resources Price Performance

The company has a debt-to-equity ratio of 0.06, a current ratio of 5.52 and a quick ratio of 5.15. The stock has a market cap of $174.57 million, a P/E ratio of 24.67 and a beta of 0.79.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last announced 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 company had revenue of €6.15 million during the quarter, compared to analyst estimates of €7.40 million. As a group, sell-side analysts anticipate that Idaho Strategic Resources, Inc. will post 0.65 EPS for the current fiscal year.

Insider Activity at Idaho Strategic Resources

In related news, insider Monique D. Hayes sold 7,746 shares of the firm’s 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 completion of the sale, the insider now directly owns 27,670 shares of the company’s stock, valued at approximately €318,481.70 ($331,751.77). This trade 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 hyperlink. Also, CEO John Swallow sold 225,000 shares of the company’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 transaction 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 in the company, valued at €12,456,433.92 ($12,975,452). The trade was a 19.06 % 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 hedge funds and other institutional investors have recently bought and sold shares of IDR. Eastern Bank acquired a new stake in shares of Idaho Strategic Resources in the third quarter valued at $40,000. Quantbot Technologies LP acquired a new stake in Idaho Strategic Resources in the 3rd quarter valued at about $79,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Idaho Strategic Resources in the 3rd quarter valued at about $90,000. Dimensional Fund Advisors LP purchased a new position in shares of Idaho Strategic Resources in the 2nd quarter valued at about $108,000. Finally, Barclays PLC grew its position in shares of Idaho Strategic Resources by 10,713.2% during the third quarter. Barclays PLC now owns 9,840 shares of the company’s stock worth $158,000 after buying an additional 9,749 shares in the last quarter. 8.70% of the stock is currently owned by hedge funds and other 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.