National Bank of Canada FI Purchases New Position in Idaho Strategic Resources, Inc. $IDR

Key Points

• National Bank of Canada FI acquired a new position in Idaho Strategic Resources, purchasing 18,000 shares valued at approximately $258,000, representing about 0.13% of the company.
• Total insider sales amounted to $2,087,359 over the last ninety days, including significant sales by Director Kevin G. Shiell and CEO John Swallow, indicating notable shifts in ownership.
• Idaho Strategic Resources has a market capitalization of $371.02 million and a price-to-earnings ratio of 39.34, reflecting its position in the resource mining sector.

National Bank of Canada FI purchased a new stake in shares of Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 18,000 shares of the company's stock, valued at approximately $258,000. National Bank of Canada FI owned about 0.13% of Idaho Strategic Resources at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Citizens Financial Group Inc. RI bought a new stake in shares of Idaho Strategic Resources in the 1st quarter valued at approximately $165,000. Jefferies Financial Group Inc. lifted its stake in shares of Idaho Strategic Resources by 5.7% in the 1st quarter. Jefferies Financial Group Inc. now owns 19,347 shares of the company's stock valued at $277,000 after purchasing an additional 1,047 shares during the last quarter. Squarepoint Ops LLC bought a new stake in shares of Idaho Strategic Resources in the 4th quarter valued at approximately $270,000. Two Sigma Investments LP bought a new stake in shares of Idaho Strategic Resources in the 4th quarter valued at approximately $204,000. Finally, OMERS ADMINISTRATION Corp bought a new stake in shares of Idaho Strategic Resources in the 4th quarter valued at approximately $332,000. 8.70% of the stock is owned by institutional investors.

Insider Activity

In other news, Director Kevin G. Shiell sold 6,500 shares of the firm's stock in a transaction that occurred on Monday, August 11th. The stock was sold at an average price of €25.03 ($29.45), for a total value of €162,695.00 ($191,405.88). Following the completion of the sale, the director directly owned 49,016 shares of the company's stock, valued at €1,226,870.48 ($1,443,377.04). This trade represents a 11.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO John Swallow sold 100,000 shares of the stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of €15.27 ($17.96), for a total value of €1,527,000.00 ($1,796,470.59). Following the completion of the sale, the chief executive officer owned 830,248 shares in the company, valued at approximately €12,677,886.96 ($14,915,161.13). The trade was a 10.75% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 131,839 shares of company stock valued at $2,087,359 in the last ninety days. Insiders own 8.69% of the company's stock.

Idaho Strategic Resources Price Performance

NYSEAMERICAN:IDR opened at €25.57 ($30.08) on Monday. The firm has a market capitalization of $371.02 million, a price-to-earnings ratio of 39.34 and a beta of 0.71. Idaho Strategic Resources, Inc. has a 1 year low of €9.67 ($11.38) and a 1 year high of €27.39 ($32.22). The business has a 50 day simple moving average of €17.16 and a 200-day simple moving average of €14.77. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.11 and a quick ratio of 4.78.

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.

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