Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) CEO Sells €1,180,363.93 in Stock

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) CEO John Swallow sold 140,687 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of €8.39 ($9.02), for a total value of €1,180,363.93 ($1,269,208.53). Following the completion of the transaction, 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Idaho Strategic Resources Price Performance

Shares of NYSEAMERICAN IDR traded up €0.59 ($0.63) during mid-day trading on Tuesday, hitting €9.11 ($9.80). The stock had a trading volume of 85,500 shares, compared to its average volume of 36,305. The company has a market cap of $114.42 million, a price-to-earnings ratio of 84.56 and a beta of 0.71. The company has a debt-to-equity ratio of 0.07, a current ratio of 2.57 and a quick ratio of 2.06. Idaho Strategic Resources, Inc. has a twelve month low of €4.48 ($4.82) and a twelve month high of €9.70 ($10.43).

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 for the quarter, missing the consensus estimate of €0.05 ($0.05) by (€0.03) (($0.03)). The company had revenue of €3.78 million for the quarter, compared to analyst estimates of €3.70 million. Idaho Strategic Resources had a return on equity of 5.98% and a net margin of 8.49%. As a group, equities research analysts forecast that Idaho Strategic Resources, Inc. will post 0.27 earnings per share for the current year.

Institutional Investors Weigh In On Idaho Strategic Resources

An institutional investor recently bought a new position in Idaho Strategic Resources stock. Salem Investment Counselors Inc. bought a new stake in shares of Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm bought 13,354 shares of the company’s stock, valued at approximately $85,000. Salem Investment Counselors Inc. owned 0.11% of Idaho Strategic Resources as of its most recent SEC filing. Hedge funds and other institutional investors own 8.70% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.