Alert: Major Price Advance (5/6/24)-Idaho Strategic Resources Inc (NYSEAMERICAN: IDR).

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Idaho Strategic Resources Inc (NYSEAMERICAN: IDR) stock enjoyed a major increase of 12.0% on 5/6/24. The shares closed at $8.52. Moreover, trading volume in this advance was exceptionally high at 962% of normal. The stock has declined -5.3% during the last week but has been exceptionally strong relative to the market over the last nine months.

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Current PriceTarget Research Rating

With future capital returns forecasted to fall short of the cost of capital, IDR is expected to continue to be a modest Value Eraser.

Idaho Strategic Resources has a current Value Trend Rating of C (Low Neutral). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing very contradictory signals. Idaho Strategic Resources has a very low Appreciation Score of 4 but a very high Power Rating of 91, resulting in the Low Neutral Value Trend Rating.

Rating Review

In light of this very positive price change we are reviewing our current Overall Rating of C. This review will be completed in the next several days.

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