Insider Selling: Idaho Strategic Resources (NYSEAMERICAN:IDR) CEO Sells 87,470 Shares of Stock

Key Points

• Idaho Strategic Resources CEO John Swallow sold 87,470 shares of stock at an average price of $30.31, totaling approximately $2.65 million, reducing his ownership by 11.17%.
• The company has a market cap of $431.67 million, with its stock showing notable price performance, having fluctuated between a 12-month low of $9.67 and a high of $32.01.
• Roth Capital maintains a "buy" rating for the company, with a consensus price target of $17.50 based on analysts' evaluations.

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR - Get Free Report) CEO John Swallow sold 87,470 shares of the firm's stock in a transaction dated Tuesday, September 23rd. The stock was sold at an average price of $30.31, for a total transaction of $2,651,215.70. Following the transaction, the chief executive officer directly owned 695,778 shares in the company, valued at approximately $21,089,031.18. This represents a 11.17% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

John Swallow also recently made the following trade(s):

• On Tuesday, August 19th, John Swallow sold 50,000 shares of Idaho Strategic Resources stock. The shares were sold at an average price of $23.51, for a total transaction of $1,175,500.00.
• On Thursday, July 10th, John Swallow sold 100,000 shares of Idaho Strategic Resources stock. The shares were sold at an average price of $15.27, for a total transaction of $1,527,000.00.

Idaho Strategic Resources Price Performance

Shares of Idaho Strategic Resources stock traded up $0.31 during midday trading on Tuesday, hitting $29.75. 580,335 shares of the company traded hands, compared to its average volume of 349,726. The stock has a market cap of $431.67 million, a price-to-earnings ratio of 45.77 and a beta of 0.76. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.78 and a current ratio of 5.11. The firm's fifty day moving average price is $24.31 and its 200-day moving average price is $17.68. Idaho Strategic Resources, Inc. has a 12 month low of $9.67 and a 12 month high of $32.01.

Institutional Inflows and Outflows

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

Wall Street Analyst Weigh In

Separately, Roth Capital reiterated a "buy" rating on shares of Idaho Strategic Resources in a research report on Monday, September 8th. Two investment analysts have rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has a consensus rating of "Buy" and an average price target 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.

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