John Swallow Sells 100,000 Shares of Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) Stock

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR - Get Free Report) CEO John Swallow sold 100,000 shares of Idaho Strategic Resources stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of €15.27 ($17.76), for a total transaction of €1,527,000.00 ($1,775,581.40). Following the sale, the chief executive officer directly owned 830,248 shares in the company, valued at approximately €12,677,886.96 ($14,741,729.02). The trade was a 10.75% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Idaho Strategic Resources Trading Up 3.6%

IDR traded up €0.58 ($0.67) during mid-day trading on Friday, hitting €16.76 ($19.49). 729,900 shares of the stock were exchanged, compared to its average volume of 278,887. The company has a current ratio of 4.37, a quick ratio of 3.96 and a debt-to-equity ratio of 0.06. The company has a market cap of $235.65 million, a PE ratio of 27.03 and a beta of 0.80. The firm's fifty day moving average is €13.70 and its two-hundred day moving average is €13.20. Idaho Strategic Resources, Inc. has a 1-year low of €9.58 ($11.14) and a 1-year high of €19.75 ($22.97).

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on IDR. Roth Mkm boosted their price objective on shares of Idaho Strategic Resources from $16.50 to $17.50 and gave the company a "buy" rating in a report on Thursday, April 3rd. Roth Capital set a $17.50 price objective on shares of Idaho Strategic Resources in a research report on Thursday, April 3rd.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp lifted its holdings in Idaho Strategic Resources by 225.6% during the 4th quarter. Bank of New York Mellon Corp now owns 53,280 shares of the company's stock worth $543,000 after buying an additional 36,914 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Idaho Strategic Resources in the 4th quarter valued at about $583,000. Enhancing Capital LLC acquired a new stake in shares of Idaho Strategic Resources in the 4th quarter valued at about $525,000. American Century Companies Inc. purchased a new position in Idaho Strategic Resources during the 4th quarter worth approximately $169,000. Finally, Arrowstreet Capital Limited Partnership lifted its stake in Idaho Strategic Resources by 80.4% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 205,031 shares of the company's stock valued at $2,089,000 after buying an additional 91,366 shares during the last quarter. Institutional investors and hedge funds own 8.70% of the company's stock.

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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