Idaho Strategic Resources (NYSEAMERICAN:IDR) Shares Cross Above 200-Day Moving Average - What's Next?

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of €13.53 ($15.73) and traded as high as €14.17 ($16.48). Idaho Strategic Resources shares last traded at €13.73 ($15.97), with a volume of 264,400 shares.

Analysts Set New Price Targets

IDR has been the subject of a number of recent analyst reports. Roth Mkm upped their target price on Idaho Strategic Resources from $16.50 to $17.50 and gave the company a "buy" rating in a report on Thursday, April 3rd. Roth Capital set a $17.50 price objective on shares of Idaho Strategic Resources in a report on Thursday, April 3rd.

Idaho Strategic Resources Stock Down 2.3%

The stock has a market cap of $193.18 million, a PE ratio of 22.16 and a beta of 0.83. The company has a debt-to-equity ratio of 0.06, a current ratio of 4.37 and a quick ratio of 3.96. The company has a 50 day moving average price of €14.70 and a two-hundred day moving average price of €13.48.

Insider Transactions at Idaho Strategic Resources

In other news, Director Kevin G. Shiell sold 3,500 shares of Idaho Strategic Resources stock in a transaction dated Friday, May 23rd. The stock was 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 now directly owns 47,867 shares of the company's stock, valued at €639,981.79 ($744,164.87). The trade was a 6.81% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold 7,786 shares of company stock worth $100,814 in the last quarter. Company insiders own 8.69% of the company's stock.

Institutional Trading of Idaho Strategic Resources

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. WR Wealth Planners LLC lifted its stake in Idaho Strategic Resources by 114.9% in the 4th quarter. WR Wealth Planners LLC now owns 8,430 shares of the company's stock worth $86,000 after purchasing an additional 4,507 shares in the last quarter. Schonfeld Strategic Advisors LLC bought a new stake in shares of Idaho Strategic Resources in the fourth quarter worth about $131,000. NewEdge Advisors LLC boosted its stake in Idaho Strategic Resources by 1,435.6% during the fourth quarter. NewEdge Advisors LLC now owns 14,634 shares of the company's stock valued at $149,000 after buying an additional 13,681 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in Idaho Strategic Resources during the 4th quarter valued at approximately $150,000. Finally, Dynamic Technology Lab Private Ltd purchased a new position in Idaho Strategic Resources during the 4th quarter valued at approximately $157,000. Institutional investors 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.