In recent transactions reported by Idaho Strategic Resources, Inc. (NASDAQ:IDR), Director Kevin Shiell sold shares of common stock totaling $100,814. The sales occurred over three consecutive days in late May, with a price range between $12.55 and $13.37 per share. The stock, which has gained nearly 22% year-to-date according to InvestingPro data, currently trades near $13.50.
On May 21, Shiell sold 3,286 shares at a price of $12.62 each, followed by a sale of 1,000 shares on May 22 at $12.55 per share. The final transaction took place on May 23, when Shiell sold 3,500 shares at $13.37 per share. Following these transactions, Shiell’s direct ownership stands at 47,867 shares of the $175 million market cap company.
These sales reflect a strategic decision by Shiell, who has been an active member of the company’s board. Investors often monitor such transactions for insights into insider sentiment and potential future company performance. InvestingPro analysis shows the company maintains strong fundamentals with a 27% return on equity and an excellent financial health score, though current valuations suggest the stock may be overvalued. For deeper insights into IDR’s valuation and growth prospects, subscribers can access the comprehensive Pro Research Report, available exclusively on InvestingPro.
In other recent news, Indra Group announced a notable financial performance for Q4 2024, reporting an 11.5% increase in revenue, reaching €4,843 million. The company has set ambitious targets for 2025, aiming for over €5.2 billion in revenue and an EBIT exceeding €490 million. Indra Group has also introduced a new division, IndraSpace, focusing on space technology, and aims to become a €10 billion company by 2030. The company has strategically reduced its key markets from 45 to 19 to streamline operations and focus on strategic geographies. Indra’s workforce in the aerospace and defense sectors saw a 14% increase, emphasizing its commitment to innovation and expansion. Additionally, the company’s order backlog grew by 7%, with a 17% increase in order intake. Indra Group’s free cash flow for the year was reported at $328 million, indicating strong cash generation. The company is also focusing on technological advancements, including artificial intelligence and quantum computing, to maintain its competitive edge.
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