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

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR - Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of €13.46 ($15.30) and traded as high as €14.26 ($16.20). Idaho Strategic Resources shares last traded at €14.04 ($15.95), with a volume of 442,900 shares trading hands.

Wall Street Analyst Weigh In

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

Idaho Strategic Resources Trading Down 0.6%

The business's fifty day moving average is €15.12 and its two-hundred day moving average is €13.48. The company has a quick ratio of 5.15, a current ratio of 5.52 and a debt-to-equity ratio of 0.06. The firm has a market cap of $180.72 million, a price-to-earnings ratio of 25.94 and a beta of 0.80.

Insider Activity at Idaho Strategic Resources

In other news, Director Kevin G. Shiell sold 3,286 shares of Idaho Strategic Resources stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of €12.62 ($14.34), for a total transaction of €41,469.32 ($47,124.23). Following the transaction, the director now owns 52,367 shares in the company, valued at approximately €660,871.54 ($750,990.39). The trade was a 5.90% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last ninety days, insiders sold 7,786 shares of company stock worth $100,814. Insiders own 12.66% of the company's stock.

Institutional Investors Weigh In On Idaho Strategic Resources

Several hedge funds and other institutional investors have recently made changes to their positions in IDR. Jefferies Financial Group Inc. lifted its stake in Idaho Strategic Resources by 5.7% in the 1st quarter. Jefferies Financial Group Inc. now owns 19,347 shares of the company's stock worth $277,000 after purchasing an additional 1,047 shares in the last quarter. Geode Capital Management LLC lifted its position in shares of Idaho Strategic Resources by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 118,134 shares of the company's stock worth $1,205,000 after purchasing an additional 2,833 shares during the period. American Century Companies Inc. lifted its position in shares of Idaho Strategic Resources by 25.1% in the 1st quarter. American Century Companies Inc. now owns 20,692 shares of the company's stock worth $296,000 after purchasing an additional 4,149 shares during the period. WR Wealth Planners LLC lifted its position in Idaho Strategic Resources by 114.9% during the 4th quarter. WR Wealth Planners LLC now owns 8,430 shares of the company's stock valued at $86,000 after acquiring an additional 4,507 shares during the period. Finally, Goldman Sachs Group Inc. raised its holdings in Idaho Strategic Resources by 21.7% in the first quarter. Goldman Sachs Group Inc. now owns 52,099 shares of the company's stock worth $746,000 after buying an additional 9,298 shares during the last quarter. 8.70% of the stock is 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.