Idaho Strategic Resources (NYSEAMERICAN:IDR) Shares Cross Above 200-Day Moving Average – What’s Next?

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDR) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of €0.00 ($0.00) and traded as high as €11.12 ($12.09). Idaho Strategic Resources shares last traded at €10.51 ($11.42), with a volume of 175,300 shares traded.

Idaho Strategic Resources Stock Performance

The business’s 50-day moving average is €11.81. 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 firm has a market capitalization of $157.23 million, a price-to-earnings ratio of 22.57 and a beta of 0.80.

Institutional Trading of Idaho Strategic Resources

A number of institutional investors have recently made changes to their positions in the stock. Arrowstreet Capital Limited Partnership grew its position in Idaho Strategic Resources by 80.4% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 205,031 shares of the company’s stock valued at $2,089,000 after buying an additional 91,366 shares during the period. Marshall Wace LLP grew its position in shares of Idaho Strategic Resources by 43.1% during the 4th quarter. Marshall Wace LLP now owns 139,434 shares of the company’s stock valued at $1,421,000 after acquiring an additional 41,998 shares during the period. Navellier & Associates Inc. increased its stake in shares of Idaho Strategic Resources by 160.5% in the 4th quarter. Navellier & Associates Inc. now owns 129,767 shares of the company’s stock worth $1,322,000 after purchasing an additional 79,950 shares in the last quarter. Millennium Management LLC increased its stake in shares of Idaho Strategic Resources by 169.6% in the 4th quarter. Millennium Management LLC now owns 120,768 shares of the company’s stock worth $1,231,000 after purchasing an additional 75,969 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Idaho Strategic Resources by 2.5% in the 4th quarter. Geode Capital Management LLC now owns 118,134 shares of the company’s stock worth $1,205,000 after purchasing an additional 2,833 shares during the period. Hedge funds and other institutional investors own 8.70% of the company’s stock.

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.