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

Shares of Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR - Get Free Report) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of €13.35 ($15.71) and traded as low as €12.40 ($14.59). Idaho Strategic Resources shares last traded at €13.08 ($15.39), with a volume of 296,300 shares trading hands.

Analyst Ratings Changes

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

Idaho Strategic Resources Stock 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 business has a 50 day moving average price of €14.03 and a 200 day moving average price of €13.30. The stock has a market cap of $183.62 million, a P/E ratio of 21.06 and a beta of 0.80.

Insider Activity at Idaho Strategic Resources

In other Idaho Strategic Resources 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 ($15.73), for a total transaction of €46,795.00 ($55,052.94). Following the completion of the sale, the director owned 47,867 shares of the company's stock, valued at approximately €639,981.79 ($752,919.75). The trade was a 6.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In the last three months, insiders have sold 7,786 shares of company stock worth $100,814. Insiders own 8.69% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Schonfeld Strategic Advisors LLC acquired a new position in Idaho Strategic Resources during the fourth quarter worth $131,000. NewEdge Advisors LLC raised its position in shares of Idaho Strategic Resources by 1,435.6% during the 4th quarter. NewEdge Advisors LLC now owns 14,634 shares of the company's stock worth $149,000 after purchasing an additional 13,681 shares during the last quarter. BNP Paribas Financial Markets purchased a new position in Idaho Strategic Resources in the 4th quarter valued at about $150,000. Dynamic Technology Lab Private Ltd acquired a new stake in Idaho Strategic Resources in the 4th quarter worth about $157,000. Finally, Citizens Financial Group Inc. RI purchased a new stake in Idaho Strategic Resources during the 1st quarter worth approximately $165,000. Hedge funds and other institutional investors 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.