XTX Topco Ltd Reduces Position in Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR)

Key Points

• XTX Topco Ltd has reduced its stake in Idaho Strategic Resources, Inc. by 49.3%, owning only 11,521 shares after selling 11,186 shares in the first quarter.
• Several other institutional investors have increased their positions in Idaho Strategic Resources, highlighting significant interest with NewEdge Advisors growing its stake by 1,435.6% in the fourth quarter.
• Insider selling has occurred, with CEO John Swallow selling 100,000 shares for approximately €1.53 million, representing a 10.75% decrease in his holdings.

XTX Topco Ltd lowered its holdings in Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR - Free Report) by 49.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,521 shares of the company's stock after selling 11,186 shares during the period. XTX Topco Ltd owned 0.08% of Idaho Strategic Resources worth $165,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Schonfeld Strategic Advisors LLC purchased a new stake in shares of Idaho Strategic Resources in the fourth quarter valued at $131,000. NewEdge Advisors LLC grew its position in shares of Idaho Strategic Resources by 1,435.6% in the fourth quarter. NewEdge Advisors LLC now owns 14,634 shares of the company's stock valued at $149,000 after purchasing an additional 13,681 shares during the period. BNP Paribas Financial Markets purchased a new stake in shares of Idaho Strategic Resources in the fourth quarter valued at $150,000. Jefferies Financial Group Inc. purchased a new stake in shares of Idaho Strategic Resources in the fourth quarter valued at $186,000. Finally, Two Sigma Investments LP purchased a new stake in Idaho Strategic Resources during the fourth quarter valued at about $204,000. Hedge funds and other institutional investors own 8.70% of the company's stock.

Idaho Strategic Resources Price Performance

IDR stock opened at €26.06 ($30.66) on Thursday. The stock has a 50-day moving average price of €16.68 and a two-hundred day moving average price of €14.51. Idaho Strategic Resources, Inc. has a 12-month low of €9.58 ($11.27) and a 12-month high of €26.44 ($31.11). The company has a current ratio of 5.11, a quick ratio of 4.78 and a debt-to-equity ratio of 0.04. The company has a market cap of $378.13 million, a PE ratio of 40.09 and a beta of 0.71.

Insiders Place Their Bets

In other Idaho Strategic Resources news, CEO John Swallow sold 100,000 shares of the business's stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of €15.27 ($17.96), for a total transaction of €1,527,000.00 ($1,796,470.59). Following the transaction, the chief executive officer owned 830,248 shares in the company, valued at €12,677,886.96 ($14,915,161.13). The trade was a 10.75% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Kevin G. Shiell sold 6,500 shares of the business's stock in a transaction dated 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 transaction, the director owned 49,016 shares in the company, valued at approximately €1,226,870.48 ($1,443,377.04). This trade represents a 11.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 131,839 shares of company stock worth $2,087,359 over the last quarter. 8.69% of the stock is owned by corporate insiders.

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.

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