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. Based on an average trading volume of 65,200 shares, the short-interest ratio is currently 1.6 days. Currently, 1.0% of the company’s shares are short sold.

Insiders Place Their Bets

In other Idaho Strategic Resources news, VP Grant A. Brackebusch sold 6,078 shares of Idaho Strategic Resources stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of €10.03 ($10.78), for a total transaction of €60,962.34 ($65,550.90). Following the transaction, the vice president now directly owns 125,878 shares in the company, valued at €1,262,556.34 ($1,357,587.46). The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Idaho Strategic Resources news, VP Grant A. Brackebusch sold 6,078 shares of Idaho Strategic Resources stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of €10.03 ($10.78), for a total transaction of €60,962.34 ($65,550.90). Following the transaction, the vice president now directly owns 125,878 shares in the company, valued at €1,262,556.34 ($1,357,587.46). The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO John Swallow sold 140,687 shares of Idaho Strategic Resources stock in a transaction dated Monday, May 6th. The stock was 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 transaction, the chief executive officer now owns 1,203,546 shares in the company, valued at €10,097,750.94 ($10,857,796.71). 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. Corporate insiders own 12.66% of the company’s stock.

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) during the fourth quarter, according to the company in its most recent Form 13F 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. 8.70% of the stock is currently owned by hedge funds and other institutional investors.

Idaho Strategic Resources Stock Performance

Shares of Idaho Strategic Resources stock traded down €0.11 ($0.12) during trading on Monday, reaching €9.75 ($10.48). The stock had a trading volume of 31,797 shares, compared to its average volume of 47,653. 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 $124.22 million, a price-to-earnings ratio of 39.44 and a beta of 0.78. Idaho Strategic Resources has a 52 week low of €4.48 ($4.82) and a 52 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 (EPS) for the quarter, beating analysts’ consensus estimates of €0.06 ($0.06) by €0.11 ($0.12). The business had revenue of €5.90 million for the quarter, compared to the consensus estimate of €4.90 million. Idaho Strategic Resources had a return on equity of 15.71% and a net margin of 20.16%. Equities analysts predict that Idaho Strategic Resources will post 0.27 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Separately, Roth Mkm boosted their price target 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.