Idaho Strategic Resources (NYSEAMERICAN:IDR) Shares Cross Above Two Hundred Day Moving Average - Time to Sell?

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 €13.46 ($15.84) and traded as high as €21.96 ($25.84). Idaho Strategic Resources shares last traded at €20.98 ($24.68), with a volume of 650,100 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Roth Capital set a $17.50 price objective on Idaho Strategic Resources in a report on Thursday, April 3rd. Roth Mkm boosted their target price on Idaho Strategic Resources from $16.50 to $17.50 and gave the stock a "buy" rating in a research note on Thursday, April 3rd.

Idaho Strategic Resources Price Performance

The company has a current ratio of 4.37, a quick ratio of 3.96 and a debt-to-equity ratio of 0.06. The stock has a market cap of $273.89 million, a PE ratio of 31.42 and a beta of 0.80. The company has a fifty day moving average of €14.27 and a 200-day moving average of €13.52.

Insider Buying and Selling at Idaho Strategic Resources

In other Idaho Strategic Resources news, CEO John Swallow sold 100,000 shares of the business's 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 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 approximately €12,677,886.96 ($14,915,161.13). The trade was a 10.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Monique D. Hayes sold 4,829 shares of the business's stock in a transaction that occurred on Friday, July 18th. The stock was sold at an average price of €21.00 ($24.71), for a total value of €101,409.00 ($119,304.71). Following the transaction, the insider owned 3,913 shares in the company, valued at €82,173 ($96,674.12). The trade was a 55.24% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 125,339 shares of company stock worth $1,924,664 over the last ninety days. Corporate insiders own 8.69% of the company's stock.

Institutional Investors Weigh In On Idaho Strategic Resources

Institutional investors and hedge funds have recently modified their holdings of the company. Arrowstreet Capital Limited Partnership lifted its stake in shares of Idaho Strategic Resources by 80.4% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 205,031 shares of the company's stock worth $2,089,000 after purchasing an additional 91,366 shares during the period. Millennium Management LLC raised its position in shares of Idaho Strategic Resources by 169.6% in the 4th quarter. Millennium Management LLC now owns 120,768 shares of the company's stock worth $1,231,000 after buying an additional 75,969 shares during the period. 683 Capital Management LLC purchased a new position in Idaho Strategic Resources in the fourth quarter valued at about $589,000. Raymond James Financial Inc. purchased a new position in Idaho Strategic Resources in the fourth quarter valued at about $583,000. Finally, Marshall Wace LLP increased its position in shares of Idaho Strategic Resources by 43.1% during the fourth quarter. Marshall Wace LLP now owns 139,434 shares of the company's stock worth $1,421,000 after acquiring an additional 41,998 shares during the last quarter. Institutional investors and hedge funds own 8.70% of the company's stock.

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.