International Tower Hill Mines Ltd. (NYSE:THM) Major Shareholder Strategic Opportuniti Electrum Buys 1,152,091 Shares

International Tower Hill Mines Ltd. (NYSE:THM - Get Free Report) major shareholder Strategic Opportuniti Electrum bought 1,152,091 shares of the stock in a transaction on Thursday, February 27th. The shares were bought at an average cost of $0.48 per share, for a total transaction of $553,003.68. Following the purchase, the insider now owns 28,765,672 shares in the company, valued at $13,807,522.56. This trade represents a 4.17 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company's stock are required to disclose their transactions with the SEC.

International Tower Hill Mines Trading Down 1.2 %

Shares of THM traded down $0.01 during midday trading on Tuesday, hitting $0.47. The stock had a trading volume of 332,224 shares, compared to its average volume of 162,588. International Tower Hill Mines Ltd. has a fifty-two week low of $0.40 and a fifty-two week high of $0.80. The stock's 50-day moving average price is $0.48. The company has a market capitalization of $94.45 million, a price-to-earnings ratio of -23.65 and a beta of 1.10.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on shares of International Tower Hill Mines in a research note on Tuesday. They issued a "sell" rating on the stock.

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Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Northern Trust Corp acquired a new position in shares of International Tower Hill Mines in the fourth quarter worth about $46,000. Dauntless Investment Group LLC acquired a new stake in shares of International Tower Hill Mines during the fourth quarter worth approximately $106,000. Tradition Wealth Management LLC acquired a new stake in shares of International Tower Hill Mines during the fourth quarter worth approximately $28,000. Finally, Hemenway Trust Co LLC acquired a new stake in shares of International Tower Hill Mines during the fourth quarter worth approximately $38,000. 54.63% of the stock is currently owned by institutional investors and hedge funds.

About International Tower Hill Mines

International Tower Hill Mines Ltd. is a Canada-based resource exploration company possessing a portfolio of Alaskan and Nevada based gold and base metal exploration projects. The Company is currently focused on the Livengood Gold Project located in the north of Fairbanks, Alaska. International Tower Hill Mines Ltd.