Idaho Strategic Resources Inc (NYSEAMERICAN: IDR) stock closed at $10.73 on 7/2/24 after a major increase of 12.0%. Moreover, trading volume in this advance was exceptionally high at 395% of normal. The stock has risen 16.5% during the last week and has been exceptionally strong relative to the market over the last nine months.
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 (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 3 but a very high Power Rating of 95, resulting in the 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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