Kevin G. Shiell Sells 6,500 Shares of Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) Stock

Key Points

• Director Kevin G. Shiell sold 6,500 shares of Idaho Strategic Resources for approximately $189,180, representing an 11.71% reduction in his holdings.
• Following the sale, Shiell retains 49,016 shares of the company, valued at about $1.43 million.
• Idaho Strategic Resources experienced a trading volume of 720,101 shares on the day of the transaction, significantly higher than its average of 312,301 shares.

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR - Get Free Report) Director Kevin G. Shiell sold 6,500 shares of the stock in a transaction on Monday, August 11th. The shares were sold at an average price of €25.03 ($29.10), for a total transaction of €162,695.00 ($189,180.23). Following the transaction, the director owned 49,016 shares of the company's stock, valued at €1,226,870.48 ($1,426,593.58). This trade represents a 11.71% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Idaho Strategic Resources Price Performance

Shares of Idaho Strategic Resources stock traded up €0.21 ($0.24) during trading hours on Monday, reaching €24.84 ($28.88). The company's stock had a trading volume of 720,101 shares, compared to its average volume of 312,301. The stock has a market cap of $360.43 million, a P/E ratio of 38.22 and a beta of 0.71. Idaho Strategic Resources, Inc. has a one year low of €9.58 ($11.14) and a one year high of €25.87 ($30.08). The company has a debt-to-equity ratio of 0.04, a current ratio of 5.11 and a quick ratio of 4.78. The firm has a 50 day moving average price of €16.22 and a 200-day moving average price of €14.33.

Hedge Funds Weigh In On Idaho Strategic Resources

Institutional investors and hedge funds have recently modified their holdings of the stock. Barclays PLC raised its holdings in shares of Idaho Strategic Resources by 121.1% in the fourth quarter. Barclays PLC now owns 21,758 shares of the company's stock worth $222,000 after buying an additional 11,918 shares during the period. Millennium Management LLC grew its position in Idaho Strategic Resources by 169.6% in the 4th quarter. Millennium Management LLC now owns 120,768 shares of the company's stock valued at $1,231,000 after acquiring an additional 75,969 shares during the last quarter. Squarepoint Ops LLC purchased a new stake in Idaho Strategic Resources in the fourth quarter worth $270,000. Renaissance Technologies LLC lifted its position in shares of Idaho Strategic Resources by 265.2% during the fourth quarter. Renaissance Technologies LLC now owns 39,074 shares of the company's stock worth $398,000 after purchasing an additional 28,374 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new stake in shares of Idaho Strategic Resources during the fourth quarter valued at $150,000. Hedge funds and other institutional investors 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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