Insider Selling: Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) CEO Sells 140,687 Shares of Stock

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) CEO John Swallow sold 140,687 shares of the stock in a transaction dated Monday, May 6th. The shares were sold at an average price of €8.39 ($9.02), for a total transaction of €1,180,363.93 ($1,269,208.53). Following the sale, the chief executive officer now directly owns 1,203,546 shares in the company, valued at €10,097,750.94 ($10,857,796.71). The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Idaho Strategic Resources Trading Up 6.9 %

Shares of IDR opened at €9.11 ($9.80) on Wednesday. The firm has a market cap of $114.42 million, a price-to-earnings ratio of 101.23 and a beta of 0.71. Idaho Strategic Resources, Inc. has a 12 month low of €4.48 ($4.82) and a 12 month high of €9.70 ($10.43). 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 (NYSEAMERICAN:IDR) last announced its quarterly earnings results on Monday, March 25th. The company reported €0.02 ($0.02) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of €0.05 ($0.05) by (€0.03) (($0.03)). Idaho Strategic Resources had a net margin of 8.49% and a return on equity of 5.98%. The business had revenue of €3.78 million for the quarter, compared to the consensus estimate of €3.70 million. Equities analysts expect that Idaho Strategic Resources, Inc. will post 0.27 earnings per share for the current year.

Wall Street Analyst Weigh In

Separately, Roth Mkm upped their target price on shares of Idaho Strategic Resources from $9.00 to $10.00 and gave the stock a “buy” rating in a research note on Tuesday, April 2nd.

Institutional Trading of Idaho Strategic Resources

An institutional investor recently raised its position in Idaho Strategic Resources stock. Salem Investment Counselors Inc. increased its position in Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) by 30.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,354 shares of the company’s stock after acquiring an additional 4,000 shares during the period. Salem Investment Counselors Inc. owned about 0.14% of Idaho Strategic Resources worth $147,000 at the end of the most recent reporting period. 8.70% of the stock is currently owned by institutional investors.

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.