Idaho Strategic Resources (NYSEAMERICAN:IDR) VP Sells $218,004.36 in Stock

Key Points

• Idaho Strategic Resources VP Robert John Morgan sold 7,143 shares at an average price of $30.52, resulting in a total sale of $218,004.36, which decreased his ownership in the company by 17.45%.
• Following this transaction, the stock price of Idaho Strategic Resources declined by 4.8%, trading at $29.44 with a market capitalization of $427.17 million.
• Roth Capital reissued a "buy" rating for Idaho Strategic Resources, with a consensus price target of $17.50 based on two analysts' ratings.

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR - Get Free Report) VP Robert John Morgan sold 7,143 shares of the stock in a transaction on Monday, September 22nd. The shares were sold at an average price of $30.52, for a total transaction of $218,004.36. Following the completion of the transaction, the vice president directly owned 33,796 shares in the company, valued at $1,031,453.92. This trade represents a 17.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Idaho Strategic Resources Stock Performance

NYSEAMERICAN:IDR traded up $0.36 during trading hours on Tuesday, reaching $29.80. 430,464 shares of the company's stock were exchanged, compared to its average volume of 348,692. The firm has a market capitalization of $432.40 million, a price-to-earnings ratio of 45.85 and a beta of 0.76. The company has a 50-day moving average of $24.31 and a 200 day moving average of $17.68. The company has a quick ratio of 4.78, a current ratio of 5.11 and a debt-to-equity ratio of 0.04. Idaho Strategic Resources, Inc. has a 1-year low of $9.67 and a 1-year high of $32.01.

Hedge Funds Weigh In On Idaho Strategic Resources

Institutional investors and hedge funds have recently bought and sold shares of the stock. Police & Firemen s Retirement System of New Jersey acquired a new stake in Idaho Strategic Resources in the 2nd quarter valued at about $39,000. AlphaQuest LLC lifted its stake in Idaho Strategic Resources by 6,301.6% during the second quarter. AlphaQuest LLC now owns 3,969 shares of the company's stock valued at $52,000 after buying an additional 3,907 shares in the last quarter. JPMorgan Chase & Co. purchased a new stake in Idaho Strategic Resources during the second quarter valued at about $78,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. purchased a new stake in Idaho Strategic Resources during the second quarter valued at about $90,000. Finally, New York State Common Retirement Fund purchased a new stake in Idaho Strategic Resources during the second quarter valued at about $98,000. Institutional investors own 8.70% of the company's stock.

Analyst Ratings Changes

Separately, Roth Capital reiterated a "buy" rating on shares of Idaho Strategic Resources in a research note on Monday, September 8th. Two analysts have rated the stock with a Buy rating, According to MarketBeat.com, Idaho Strategic Resources currently has an average rating of "Buy" and a consensus target price of $17.50.

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.