Idaho Strategic Resources (NYSEAMERICAN:IDR) Stock Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Idaho Strategic Resources, Inc. (NYSEAMERICAN:IDRGet Free Report)’s share price passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of €0.00 ($0.00) and traded as high as €14.39 ($15.47). Idaho Strategic Resources shares last traded at €13.94 ($14.99), with a volume of 186,500 shares changing hands.

Idaho Strategic Resources Stock Performance

The stock has a market cap of $190.42 million, a P/E ratio of 27.33 and a beta of 0.80. The firm has a 50-day moving average of €12.32. The company has a current ratio of 5.52, a quick ratio of 5.15 and a debt-to-equity ratio of 0.06.

Hedge Funds Weigh In On Idaho Strategic Resources

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

About Idaho Strategic Resources

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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.

Further Reading

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