Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) Sees Significant Increase in Short Interest

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) was the target of a large growth in short interest in December. As of December 15th, there was short interest totalling 573,000 shares, a growth of 23.8% from the November 30th total of 462,900 shares. Based on an average daily trading volume, of 265,000 shares, the short-interest ratio is presently 2.2 days. Currently, 4.8% of the company’s stock are sold short.

Insider Activity at Idaho Strategic Resources

In other news, insider Monique D. Hayes sold 7,746 shares of the stock in a transaction that occurred on Wednesday, November 13th. The stock was sold at an average price of €11.51 ($11.99), for a total value of €89,156.46 ($92,871.31). Following the completion of the sale, the insider now directly owns 27,670 shares of the company’s stock, valued at €318,481.70 ($331,751.77). This represents a 21.87 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO John Swallow sold 225,000 shares of Idaho Strategic Resources stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of €13.04 ($13.58), for a total value of €2,934,000.00 ($3,056,250.00). Following the transaction, the chief executive officer now directly owns 955,248 shares in the company, valued at approximately €12,456,433.92 ($12,975,452). The trade was a 19.06 % decrease in their position. The disclosure for this sale can be found here. 12.66% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Idaho Strategic Resources

Several hedge funds have recently added to or reduced their stakes in IDR. WR Wealth Planners LLC grew its holdings in Idaho Strategic Resources by 145.2% in the 2nd quarter. WR Wealth Planners LLC now owns 3,923 shares of the company’s stock worth $39,000 after acquiring an additional 2,323 shares during the last quarter. Eastern Bank purchased a new position in shares of Idaho Strategic Resources during the third quarter valued at about $40,000. Quantbot Technologies LP purchased a new position in shares of Idaho Strategic Resources during the 3rd quarter worth approximately $79,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Idaho Strategic Resources in the 3rd quarter worth approximately $90,000. Finally, Dimensional Fund Advisors LP purchased a new position in shares of Idaho Strategic Resources in the 2nd quarter valued at approximately $108,000. Institutional investors own 8.70% of the company’s stock.

Idaho Strategic Resources Price Performance

IDR traded up €0.33 ($0.34) during mid-day trading on Tuesday, reaching €10.23 ($10.66). 47,270 shares of the stock were exchanged, compared to its average volume of 125,323. Idaho Strategic Resources has a 1 year low of €5.66 ($5.90) and a 1 year high of €18.35 ($19.11). The company has a debt-to-equity ratio of 0.06, a current ratio of 5.52 and a quick ratio of 5.15. The company has a market capitalization of $139.74 million, a price-to-earnings ratio of 20.06 and a beta of 0.74.

Idaho Strategic Resources (NYSEAMERICAN:IDR) last released its quarterly earnings results on Monday, November 4th. The company reported €0.15 ($0.16) earnings per share for the quarter, missing the consensus estimate of €0.21 ($0.22) by (€0.06) (($0.06)). Idaho Strategic Resources had a return on equity of 24.55% and a net margin of 30.44%. The firm had revenue of €6.15 million for the quarter, compared to analysts’ expectations of €7.40 million. As a group, analysts anticipate that Idaho Strategic Resources will post 0.71 earnings per share for the current fiscal 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.