Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR - Get Free Report) was the recipient of a significant growth in short interest during the month of April. As of April 15th, there was short interest totalling 73,500 shares, a growth of 5.2% from the March 31st total of 69,900 shares. Approximately 0.7% of the company's stock are short sold. Based on an average daily trading volume, of 35,000 shares, the days-to-cover ratio is currently 2.1 days.
Idaho Strategic Resources Stock Performance
Shares of IDR stock traded down €0.09 ($0.10) during trading on Wednesday, reaching €8.42 ($9.05). 27,100 shares of the company's stock traded hands, compared to its average volume of 31,027. The stock has a market capitalization of $105.76 million, a P/E ratio of 93.57 and a beta of 0.68. The company has a current ratio of 2.57, a quick ratio of 2.06 and a debt-to-equity ratio of 0.07. Idaho Strategic Resources has a 1 year low of €4.48 ($4.82) and a 1 year high of €9.70 ($10.43).
Idaho Strategic Resources (NYSEAMERICAN:IDR - Get Free Report) last announced its quarterly earnings results on Monday, March 25th. The company reported €0.02 ($0.02) EPS for the quarter, missing analysts' consensus estimates of €0.05 ($0.05) by (€0.03) (($0.03)). The business had revenue of €3.78 million for the quarter, compared to analysts' expectations of €3.70 million. Idaho Strategic Resources had a net margin of 8.49% and a return on equity of 5.98%. On average, sell-side analysts anticipate that Idaho Strategic Resources will post 0.27 earnings per share for the current year.
Institutional Trading of Idaho Strategic Resources
A hedge fund recently raised its stake in Idaho Strategic Resources stock. Salem Investment Counselors Inc. grew its stake in shares of Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR - Free Report) by 30.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 17,354 shares of the company's stock after buying an additional 4,000 shares during the quarter. Salem Investment Counselors Inc. owned 0.14% of Idaho Strategic Resources worth $147,000 at the end of the most recent quarter. Institutional investors own 8.70% of the company's stock.
Wall Street Analyst Weigh In
Separately, Roth Mkm upped their price objective on shares of Idaho Strategic Resources from $9.00 to $10.00 and gave the stock a "buy" rating in a research report on Tuesday, April 2nd.
Read Our Latest Stock Report on IDR
Idaho Strategic Resources Company Profile
(
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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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