(IDR) Idaho Strategic Resources - Ratings and Ratios

Idaho Strategic Resources, Inc. (NYSE MKT:IDR), a resource-focused company, specializes in the exploration, development, and extraction of gold, silver, and base metals within the mineral-rich Greater Coeur dAlene Mining District of North Idaho. The companys portfolio includes the Golden Chest Mine, a producing gold mine in the Murray Gold Belt, along with 1,500 acres of patented and 5,000 acres of un-patented mineral properties in the same region. Additionally, they are involved in rare earth element projects in the Idaho REE-Th Belt near Salmon and early-stage explorations in Central Idaho. Formerly known as New Jersey Mining Company, the name change to Idaho Strategic Resources occurred in December 2021, reflecting their strategic focus on Idahos resources. Incorporated in 1996, the company is headquartered in Coeur dAlene, Idaho.

The companys strategic location in the Coeur dAlene district, known for its historical mining significance, positions it well for accessing mineral-rich areas. Their focus on rare earth elements, crucial for high-tech industries, underscores their commitment to diversification and future growth. Early-stage explorations in Central Idaho highlight potential for new discoveries, adding to their asset portfolio.

Based on technical indicators, Idaho Strategic Resources stock shows a consolidation pattern with potential for a bullish breakout. The SMA20 at $12.99 and SMA50 at $11.79 suggest recent price weakness, but the SMA200 at $12.11 indicates long-term stability. The low ATR of 0.64 signals minimal volatility, suggesting a stable trading environment.

Fundamentally, the companys market cap of $172.95M reflects its established presence. The P/E of 24.82 and forward P/E of 17.36 indicate expectations of future earnings growth. A high P/B of 5.53 may suggest overvaluation, but the strong RoE of 20.22% highlights efficient equity use, supporting investor confidence.

Over the next three months, Idaho Strategic Resources is expected to experience sideways trading with potential upside driven by earnings growth. The stock may consolidate near current levels, with breakout potential if earnings exceed expectations. Investors should monitor quarterly reports and industry trends for further insights.