The stock price of Idaho Strategic Resources Inc (AMEX: IDR) has jumped by 12.00 compared to previous close of 9.58. Despite this, the company has seen a gain of 19.22% in its stock price over the last five trading days. accesswire.com reported 2024-05-08 that Joint Collaboration to Aid Radiant Industries with the Development and Potential Deployment of Kaleidos – A Meltdown-Proof Microreactor Expected to Service Remote Mine Sites COEUR D’ALENE, ID / ACCESSWIRE / May 8, 2024 / Idaho Strategic Resources, Inc. (NYSE American:IDR) (“IDR”, “Idaho Strategic” or the “Company”) today announced it has entered into a non-binding memorandum of understanding (MOU) with Radiant Industries, Inc. (“Radiant”) to participate in the Kaleidos Frontier Pilot Program designed to aid Radiant in the development and planned deployment of their meltdown-proof portable microreactor, Kaleidos. The agreement establishes a pathway for Idaho Strategic and Radiant to operate one or more of the first five Frontier Kaleidos units at a viable Idaho Strategic site.
Is It Worth Investing in Idaho Strategic Resources Inc (AMEX: IDR) Right Now?
The price-to-earnings ratio for Idaho Strategic Resources Inc (AMEX: IDR) is 41.16x, which is above its average ratio. Moreover, the 36-month beta value for IDR is 0.79. Analysts have varying opinions on the stock, with 0 analysts rating it as a “buy,” 0 as “overweight,” 0 as “hold,” and 0 as “sell.”
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The public float for IDR is 10.79M and currently, short sellers hold a 0.95% of that float. On July 03, 2024, IDR’s average trading volume was 68.51K shares.
IDR’s Market Performance
The stock of Idaho Strategic Resources Inc (IDR) has seen a 19.22% increase in the past week, with a 8.60% rise in the past month, and a 20.56% gain in the past quarter. The volatility ratio for the week is 5.88%, and the volatility levels for the past 30 days are at 5.04% for IDR. The simple moving average for the past 20 days is 12.27% for IDR’s stock, with a 48.83% simple moving average for the past 200 days.
IDR Trading at 13.92% from the 50-Day Moving Average
After a stumble in the market that brought IDR to its low price for the period of the last 52 weeks, the company was able to rebound, for now settling with 1.23% of gains for the given period.
Volatility was left at 5.04%, however, over the last 30 days, the volatility rate increased by 5.88%, as shares surge +14.03% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +15.25% upper at present.
During the last 5 trading sessions, IDR rose by +19.22%, which changed the moving average for the period of 200-days by +105.16% in comparison to the 20-day moving average, which settled at $9.62. In addition, Idaho Strategic Resources Inc saw 69.48% in overturn over a single year, with a tendency to cut further gains.
Insider Trading
Reports are indicating that there were more than several insider trading activities at IDR starting from BRACKEBUSCH GRANT A, who sale 6,889 shares at the price of $10.01 back on Jun 14 ’24. After this action, BRACKEBUSCH GRANT A now owns 118,989 shares of Idaho Strategic Resources Inc, valued at $68,959 using the latest closing price.
BRACKEBUSCH GRANT A, the Vice President of Idaho Strategic Resources Inc, sale 6,078 shares at $10.03 during a trade that took place back on Jun 13 ’24, which means that BRACKEBUSCH GRANT A is holding 125,878 shares at $60,962 based on the most recent closing price.
Stock Fundamentals for IDR
Current profitability levels for the company are sitting at:
- 0.19 for the present operating margin
- 0.31 for the gross margin
The net margin for Idaho Strategic Resources Inc stands at 0.2. The total capital return value is set at 0.12. Equity return is now at value 17.46, with 12.95 for asset returns.
Based on Idaho Strategic Resources Inc (IDR), the company’s capital structure generated 0.13 points at debt to capital in total, while cash flow to debt ratio is standing at 1.39. The debt to equity ratio resting at 0.15. The interest coverage ratio of the stock is 56.03.
Currently, EBITDA for the company is 2.48 million with net debt to EBITDA at -0.42. When we switch over and look at the enterprise to sales, we see a ratio of 8.31. The receivables turnover for the company is 13.08for trailing twelve months and the total asset turnover is 0.56. The liquidity ratio also appears to be rather interesting for investors as it stands at 4.08.
Conclusion
To wrap up, the performance of Idaho Strategic Resources Inc (IDR) has been better in recent times. The stock has received a mixed of “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
