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

Shares of Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of €13.16 ($15.48) and traded as low as €12.41 ($14.60). Idaho Strategic Resources shares last traded at €12.89 ($15.16), with a volume of 338,700 shares.

Wall Street Analysts Forecast Growth

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

Idaho Strategic Resources Price Performance

The company has a quick ratio of 3.96, a current ratio of 4.37 and a debt-to-equity ratio of 0.06. The company has a 50 day simple moving average of €13.70 and a 200-day simple moving average of €13.16. The stock has a market cap of $181.23 million, a price-to-earnings ratio of 20.79 and a beta of 0.80.

Insider Buying and Selling

In other news, Director Kevin G. Shiell sold 3,500 shares of Idaho Strategic Resources stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of €13.37 ($15.73), for a total value of €46,795.00 ($55,052.94). Following the completion of the transaction, the director owned 47,867 shares in the company, valued at approximately €639,981.79 ($752,919.75). The trade was a 6.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 7,786 shares of company stock worth $100,814 in the last three months. 8.69% of the stock is owned by company insiders.

Institutional Trading of Idaho Strategic Resources

Institutional investors have recently bought and sold shares of the business. Jefferies Financial Group Inc. grew its holdings in shares of Idaho Strategic Resources by 5.7% in the 1st quarter. Jefferies Financial Group Inc. now owns 19,347 shares of the company's stock valued at $277,000 after buying an additional 1,047 shares during the period. Geode Capital Management LLC lifted its position in Idaho Strategic Resources by 2.5% during the 4th quarter. Geode Capital Management LLC now owns 118,134 shares of the company's stock worth $1,205,000 after buying an additional 2,833 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Idaho Strategic Resources by 25.1% during 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 last quarter. Goldman Sachs Group Inc. increased its stake in shares of Idaho Strategic Resources by 21.7% during the 1st quarter. Goldman Sachs Group Inc. now owns 52,099 shares of the company's stock worth $746,000 after purchasing an additional 9,298 shares during the last quarter. Finally, Citizens Financial Group Inc. RI acquired a new position in Idaho Strategic Resources in the 1st quarter valued at about $165,000. Institutional investors and hedge funds own 8.70% of the company's stock.

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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