Idaho Strategic Resources (NYSEAMERICAN:IDR) Share Price Crosses Above 200-Day Moving Average – Time to Sell?

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR)’s stock price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $37.06 and traded as high as $44.10. Idaho Strategic Resources shares last traded at $43.19, with a volume of 231,358 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Roth Mkm reaffirmed a “buy” rating on shares of Idaho Strategic Resources in a research report on Friday, December 12th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Idaho Strategic Resources currently has a consensus rating of “Buy” and an average target price of $17.50.

Idaho Strategic Resources Price Performance

The company has a 50 day simple moving average of $41.84 and a 200 day simple moving average of $37.19. The company has a market capitalization of $647.61 million, a price-to-earnings ratio of 59.34 and a beta of 0.88. The company has a quick ratio of 8.34, a current ratio of 8.55 and a debt-to-equity ratio of 0.02.

Insiders Place Their Bets

In other Idaho Strategic Resources news, CEO John Swallow sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, December 22nd. The shares were sold at an average price of $43.44, for a total transaction of $1,303,200.00. Following the completion of the sale, the chief executive officer directly owned 665,778 shares in the company, valued at $28,921,396.32. The trade was a 4.31% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 8.69% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Idaho Strategic Resources

A number of large investors have recently added to or reduced their stakes in IDR. Caitong International Asset Management Co. Ltd acquired a new position in Idaho Strategic Resources in the 4th quarter worth $38,000. Sound Income Strategies LLC grew its stake in shares of Idaho Strategic Resources by 4,000.0% during the fourth quarter. Sound Income Strategies LLC now owns 1,025 shares of the company’s stock valued at $45,000 after acquiring an additional 1,000 shares in the last quarter. Newbridge Financial Services Group Inc. purchased a new stake in shares of Idaho Strategic Resources during the third quarter worth about $47,000. Russell Investments Group Ltd. acquired a new position in shares of Idaho Strategic Resources in the third quarter worth about $48,000. Finally, Banque Cantonale Vaudoise acquired a new position in shares of Idaho Strategic Resources in the fourth quarter worth about $60,000. 8.70% of the stock is owned by institutional investors and hedge funds.

About Idaho Strategic Resources

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.