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

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR - Get Free Report)'s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of €13.46 ($15.65) and traded as high as €21.96 ($25.53). Idaho Strategic Resources shares last traded at €20.98 ($24.40), with a volume of 650,100 shares changing hands.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on IDR shares. Roth Capital set a $17.50 price objective on shares of Idaho Strategic Resources in a research report on Thursday, April 3rd. Roth Mkm lifted their target price on shares of Idaho Strategic Resources from $16.50 to $17.50 and gave the stock a "buy" rating in a research report on Thursday, April 3rd.

Idaho Strategic Resources Price Performance

The firm's 50 day moving average is €14.12 and its 200 day moving average is €13.47. The firm has a market cap of $294.98 million, a P/E ratio of 33.84 and a beta of 0.80. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.37 and a quick ratio of 3.96.

Insider Activity at Idaho Strategic Resources

In related news, Director Kevin G. Shiell sold 3,500 shares of the stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of €13.37 ($15.55), for a total transaction of €46,795.00 ($54,412.79). Following the transaction, the director owned 47,867 shares in the company, valued at €639,981.79 ($744,164.87). This represents a 6.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO John Swallow sold 100,000 shares of the stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of €15.27 ($17.76), for a total transaction of €1,527,000.00 ($1,775,581.40). Following the transaction, the chief executive officer owned 830,248 shares in the company, valued at approximately €12,677,886.96 ($14,741,729.02). This trade represents a 10.75% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 120,510 shares of company stock worth $1,823,255 over the last quarter. Company insiders own 8.69% of the company's stock.

Institutional Trading of Idaho Strategic Resources

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in IDR. Bank of New York Mellon Corp increased its stake in shares of Idaho Strategic Resources by 225.6% in the fourth quarter. Bank of New York Mellon Corp now owns 53,280 shares of the company's stock worth $543,000 after purchasing an additional 36,914 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Idaho Strategic Resources during the fourth quarter worth $583,000. American Century Companies Inc. bought a new position in shares of Idaho Strategic Resources during the fourth quarter worth $169,000. Arrowstreet Capital Limited Partnership boosted its position in shares of Idaho Strategic Resources by 80.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 205,031 shares of the company's stock worth $2,089,000 after acquiring an additional 91,366 shares during the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Idaho Strategic Resources by 2.5% during the fourth quarter. Geode Capital Management LLC now owns 118,134 shares of the company's stock worth $1,205,000 after acquiring an additional 2,833 shares during the last quarter. 8.70% of the stock is owned by hedge funds and other institutional investors.

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.