Insider Selling: Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) VP Sells 6,078 Shares of Stock

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) VP Grant A. Brackebusch sold 6,078 shares of the firm’s stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of €10.03 ($10.78), for a total value of €60,962.34 ($65,550.90). Following the transaction, the vice president now owns 125,878 shares in the company, valued at €1,262,556.34 ($1,357,587.46). The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Idaho Strategic Resources Price Performance

Shares of Idaho Strategic Resources stock traded down €0.14 ($0.15) on Monday, reaching €10.10 ($10.86). The stock had a trading volume of 55,800 shares, compared to its average volume of 46,719. The company has a current ratio of 4.08, a quick ratio of 3.65 and a debt-to-equity ratio of 0.09. The stock has a market capitalization of $128.67 million, a price-to-earnings ratio of 40.96 and a beta of 0.75. Idaho Strategic Resources, Inc. has a fifty-two week low of €4.48 ($4.82) and a fifty-two week high of €10.60 ($11.40).

Idaho Strategic Resources (NYSEAMERICAN:IDR) last released its earnings results on Monday, May 6th. The company reported €0.17 ($0.18) earnings per share for the quarter, topping analysts’ consensus estimates of €0.06 ($0.06) by €0.11 ($0.12). The firm had revenue of €5.90 million during the quarter, compared to analyst estimates of €4.90 million. Idaho Strategic Resources had a net margin of 20.16% and a return on equity of 15.71%. On average, sell-side analysts expect that Idaho Strategic Resources, Inc. will post 0.27 earnings per share for the current year.

Institutional Trading of Idaho Strategic Resources

A hedge fund recently bought a new stake in Idaho Strategic Resources stock. Salem Investment Counselors Inc. purchased a new position in shares of Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 13,354 shares of the company’s stock, valued at approximately $85,000. Salem Investment Counselors Inc. owned about 0.11% of Idaho Strategic Resources as of its most recent SEC filing. Institutional investors own 8.70% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Roth Mkm increased their price objective on Idaho Strategic Resources from $9.00 to $10.00 and gave the company a “buy” rating in a report on Tuesday, April 2nd.

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.