Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) Short Interest Update

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) was the target of a significant increase in short interest during the month of July. As of July 15th, there was short interest totalling 149,200 shares, an increase of 49.3% from the June 30th total of 99,900 shares. Approximately 1.4% of the company’s stock are short sold. Based on an average daily volume of 78,600 shares, the days-to-cover ratio is presently 1.9 days.

Insider Buying and Selling

In related news, VP Grant A. Brackebusch sold 6,078 shares of the stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of €10.03 ($10.90), for a total transaction of €60,962.34 ($66,263.41). Following the completion of the sale, the vice president now directly owns 125,878 shares of the company’s stock, valued at €1,262,556.34 ($1,372,343.85). The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Idaho Strategic Resources news, CEO John Swallow sold 140,687 shares of the stock in a transaction on Monday, May 6th. The stock was sold at an average price of €8.39 ($9.12), for a total transaction of €1,180,363.93 ($1,283,004.27). Following the sale, the chief executive officer now owns 1,203,546 shares in the company, valued at €10,097,750.94 ($10,975,816.24). The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, VP Grant A. Brackebusch sold 6,078 shares of the firm’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of €10.03 ($10.90), for a total value of €60,962.34 ($66,263.41). Following the completion of the transaction, the vice president now owns 125,878 shares of the company’s stock, valued at approximately €1,262,556.34 ($1,372,343.85). The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 153,337 shares of company stock worth $1,304,362. 12.66% of the stock is owned by insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Idaho Strategic Resources stock. Salem Investment Counselors Inc. boosted its holdings in shares of Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) by 30.0% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,354 shares of the company’s stock after purchasing 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 owned by institutional investors.

Wall Street Analyst Weigh In

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

Idaho Strategic Resources Stock Performance

Shares of IDR traded down €0.37 ($0.40) during trading hours on Monday, reaching €10.55 ($11.47). 52,264 shares of the company’s stock traded hands, compared to its average volume of 52,084. 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 company has a market cap of $134.41 million, a PE ratio of 41.68 and a beta of 0.78. Idaho Strategic Resources has a 12 month low of €4.48 ($4.87) and a 12 month high of €11.81 ($12.84).

Idaho Strategic Resources (NYSEAMERICAN:IDR) last released its quarterly earnings results on Monday, May 6th. The company reported €0.17 ($0.18) EPS for the quarter, topping analysts’ consensus estimates of €0.06 ($0.07) 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 net margin of 20.16% and a return on equity of 15.71%. As a group, equities analysts forecast that Idaho Strategic Resources will post 0.27 earnings per share for the current fiscal year.

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.