Idaho Strategic Resources (NYSEAMERICAN:IDR) Shares Cross Above 200-Day Moving Average - Should You Sell?

Key Points

• Idaho Strategic Resources' stock crossed above its 200-day moving average, trading as high as $44.53 and last at $43.73 versus a 200-day MA of $38.76 (volume ~208,203), with a 50-day MA of $37.10.
• Zacks upgraded the stock from "hold" to “Strong Buy”, and MarketBeat shows a consensus rating of Strong Buy (one Strong Buy and one Buy).
• The company has a market cap of $691.4M, a P/E of 38.36, very low debt (debt/equity 0.01) and strong liquidity (current and quick ratios ~14), while several large investors have recently added positions and institutional ownership stands at about 8.7%.

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $38.76 and traded as high as $44.53. Idaho Strategic Resources shares last traded at $43.73, with a volume of 208,203 shares.

Analyst Ratings Changes

Separately, Zacks Research raised shares of Idaho Strategic Resources from a "hold" rating to a "strong-buy" rating in a research note on Tuesday, March 31st. One research analyst has rated the stock with a Strong Buy rating and one has assigned a Buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Strong Buy".

Idaho Strategic Resources Price Performance

The firm has a market capitalization of $691.37 million, a P/E ratio of 38.36 and a beta of 1.21. The company has a debt-to-equity ratio of 0.01, a current ratio of 13.96 and a quick ratio of 13.70. The stock's fifty day simple moving average is $37.10 and its 200 day simple moving average is $38.76.

Hedge Funds Weigh In On Idaho Strategic Resources

Large investors have recently added to or reduced their stakes in the company. Brevan Howard Capital Management LP bought a new position in Idaho Strategic Resources in the third quarter worth about $5,616,000. Principal Financial Group Inc. bought a new position in Idaho Strategic Resources in the third quarter worth about $502,000. Euro Pacific Asset Management LLC bought a new position in Idaho Strategic Resources in the fourth quarter worth about $32,782,035,000. Thames Capital Management LLC bought a new position in Idaho Strategic Resources in the third quarter worth about $4,313,000. Finally, Navellier & Associates Inc. raised its holdings in Idaho Strategic Resources by 43.6% in the third quarter. Navellier & Associates Inc. now owns 146,003 shares of the company's stock worth $4,933,000 after purchasing an additional 44,349 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.