Morgan, VP exploration at Idaho Strategic, sells $218k in shares

Published 22/09/2025, 22:36
Morgan, VP exploration at Idaho Strategic, sells $218k in shares

Robert John Morgan, VP Exploration at Idaho Strategic Resources (OTCQB:IDR), sold 7,143 shares of common stock on September 22, 2025, for $30.52, totaling $218,004. The sale comes amid IDR’s remarkable 140% surge over the past six months, with the company maintaining a strong financial health score of "GREAT" according to InvestingPro analysis.

Following the transaction, Morgan directly owns 33,796 shares of Idaho Strategic Resources, representing a stake in the $448 million market cap company. Trading at a P/E ratio of 38.5, IDR shows strong momentum but appears overvalued based on InvestingPro’s Fair Value assessment, which offers 16 additional key insights about the company’s prospects.

In other recent news, Idaho Strategic Resources, Inc. held its annual meeting of shareholders, where key decisions were made. Shareholders re-elected five directors: John Swallow, Grant Brackebusch, Kevin Shiell, Richard Beaven, and Carolyn Turner. Each director will serve until the 2026 annual meeting or until their successors are elected and qualified. The vote counts showed strong support, with Swallow receiving 5,609,239 votes in favor and 45,055 withheld, while Brackebusch received 5,390,569 votes in favor and 263,725 withheld. Additionally, the company announced the ratification of its independent registered public accounting firm. This decision was part of the two main proposals voted on during the meeting. These developments reflect the company’s ongoing governance and operational planning.

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