Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) Short Interest Up 13.8% in June

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) was the recipient of a significant increase in short interest in June. As of June 15th, there was short interest totalling 102,400 shares, an increase of 13.8% from the May 31st total of 90,000 shares. Approximately 1.0% of the company’s stock are short sold. Based on an average trading volume of 65,200 shares, the days-to-cover ratio is presently 1.6 days.

Analysts Set New Price Targets

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

Insider Activity

In related news, VP Grant A. Brackebusch sold 3,539 shares of Idaho Strategic Resources stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of €9.67 ($10.40), for a total value of €34,222.13 ($36,797.99). Following the completion of the sale, the vice president now directly owns 132,989 shares in the company, valued at approximately €1,286,003.63 ($1,382,799.60). The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Idaho Strategic Resources news, VP Grant A. Brackebusch sold 3,033 shares of the business’s stock in a transaction dated Tuesday, May 28th. The stock was sold at an average price of €9.50 ($10.22), for a total transaction of €28,813.50 ($30,982.26). Following the sale, the vice president now owns 128,923 shares in the company, valued at approximately €1,224,768.50 ($1,316,955.38). The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Grant A. Brackebusch sold 3,539 shares of the stock in a transaction dated Thursday, May 23rd. The shares were sold at an average price of €9.67 ($10.40), for a total value of €34,222.13 ($36,797.99). Following the completion of the transaction, the vice president now directly owns 132,989 shares in the company, valued at €1,286,003.63 ($1,382,799.60). The disclosure for this sale can be found here. Insiders have sold a total of 153,337 shares of company stock worth $1,304,362 over the last 90 days. 12.66% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Idaho Strategic Resources

An institutional investor recently raised its position in Idaho Strategic Resources stock. Vanguard Group Inc. lifted its position in Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) by 3.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 466,215 shares of the company’s stock after purchasing an additional 16,215 shares during the period. Vanguard Group Inc. owned about 3.71% of Idaho Strategic Resources worth $3,944,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Hedge funds and other institutional investors own 8.70% of the company’s stock.

Idaho Strategic Resources Stock Performance

NYSEAMERICAN IDR opened at €10.73 ($11.54) on Wednesday. Idaho Strategic Resources has a 1 year low of €4.48 ($4.82) and a 1 year high of €10.99 ($11.82). The company has a debt-to-equity ratio of 0.09, a current ratio of 4.08 and a quick ratio of 3.65. The firm has a market cap of $136.70 million, a P/E ratio of 39.44 and a beta of 0.78.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last issued its quarterly earnings data on Monday, May 6th. The company reported €0.17 ($0.18) earnings per share (EPS) for the quarter, beating the consensus estimate of €0.06 ($0.06) by €0.11 ($0.12). The business had revenue of €5.90 million during the quarter, compared to analysts’ expectations of €4.90 million. Idaho Strategic Resources had a return on equity of 15.71% and a net margin of 20.16%. As a group, analysts predict that Idaho Strategic Resources will post 0.27 EPS for the current year.

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.