Idaho Strategic Resources (NYSEAMERICAN:IDR) Stock Price Crosses Above 200 Day Moving Average - Here's Why

Key Points

• Idaho Strategic Resources shares have crossed above their 200-day moving average, with current trading levels at €25.68 ($29.86) compared to a 200-day average of €15.39 ($17.90).
• CEO John Swallow recently sold 50,000 shares, reducing his ownership by 6.02%, while insider sales over the last 90 days totaled 174,053 shares worth approximately $3.16 million.
• Institutional investment in Idaho Strategic Resources is increasing, with several firms purchasing new stakes valued collectively at over $578,000 during the second quarter.

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR - ) shares passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of €15.39 ($17.90) and traded as high as €26.84 ($31.21). Idaho Strategic Resources shares last traded at €25.68 ($29.86), with a volume of 396,900 shares traded.

Idaho Strategic Resources Price Performance

The firm's 50-day moving average is €18.50 and its two-hundred day moving average is €15.39. The company has a market cap of $372.62 million, a P/E ratio of 39.51 and a beta of 0.71. The company has a debt-to-equity ratio of 0.04, a current ratio of 5.11 and a quick ratio of 4.78.

Insider Buying and Selling

In related news, CEO John Swallow sold 50,000 shares of the business's stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of €23.51, for a total value of €1,175,500.00. Following the sale, the chief executive officer owned 780,248 shares in the company, valued at approximately €18,343,630.48. The trade was a 6.02% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Monique D. Hayes sold 4,829 shares of the business's stock in a transaction on Friday, July 18th. The stock was sold at an average price of €21.00, for a total transaction of €101,409.00. Following the completion of the sale, the insider owned 3,913 shares in the company, valued at €82,173. This represents a 55.24% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 174,053 shares of company stock worth $3,162,045. Insiders own 8.69% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. State of Tennessee Department of Treasury purchased a new stake in shares of Idaho Strategic Resources during the second quarter valued at $169,000. Man Group plc purchased a new stake in shares of Idaho Strategic Resources during the second quarter valued at $319,000. Raymond James Financial Inc. boosted its stake in shares of Idaho Strategic Resources by 1.3% during the second quarter. Raymond James Financial Inc. now owns 47,223 shares of the company's stock valued at $618,000 after purchasing an additional 608 shares during the period. Occudo Quantitative Strategies LP boosted its stake in shares of Idaho Strategic Resources by 59.9% during the second quarter. Occudo Quantitative Strategies LP now owns 24,124 shares of the company's stock valued at $316,000 after purchasing an additional 9,036 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in shares of Idaho Strategic Resources during the second quarter valued at $90,000. 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.

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