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Idaho Strategic Resources Inc. (OTCMKTS:NJMCD) Stock Jumps 10% After Shareholders Update

Idaho Strategic Resources Inc. (OTCMKTS:NJMCD) was up 10% after releasing a letter to its shareholders from the CEO and President John Swallow. Swallow indicated that they view personal ownership as a choice and a competitive advantage at the company.

Market Stats

On Tuesday, NJMCD stock jumped 9.60% to $8 with more than 9.6k shares, compared to its average volume of 9.5k shares. The stock has moved within a range of $7.25 – 8.00 after opening trading at $7.25.

Idaho Strategic Resources Releases President’s Letter to Shareholders

He explained that following the name change and reverse split and the expected NYSE American uplisting, the company thanked IDR folks for accepting change and gearing up for the next stage of responsibility.In August’s President’s Letter to shareholders, Swallow highlighted what he believed was a generational turning point accelerated by the COVID-19 pandemic. With the dust settled in some regions, it’s evident that most related policies and reactions from the new decision-making era are here to stay.

Besides the corporate playbook, Idaho Strategic also researched and read with names such as Sellout, the Rare Metals War, and Super Fuel, among the recent additions to its lengthy list. In addition, the company has created a robust real estate portfolio and increased its gold production profile. So investors should watch NJMCD.

Key Quote

In my President’s Letter dated August 4th, 2020, I outlined what was then believed to be a generational turning point possibly accelerated by the pandemic – how it was handled, what it revealed and had yet to reveal. And now, as the proverbial dust has largely settled in some parts of the country (others not so much) it is evident that many of the associated reactions and policies from this new-era decision making are here to stay.

Traders Corner

NJMCD stock is above the 20-Day and 50-Day Moving averages of $6.57 and $6.16 respectively. The stock is trading in the neutral zone with the RSI at 67. 

Published by Jon Williams

Jon graduated from the University of Michigan with a degree in finance. He is an avid investor and enjoys reporting on the markets. When he is not in front of a computer he enjoys playing golf and watching basketball.

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