StockNews.com initiated coverage on shares of International Tower Hill Mines (NYSEAMERICAN:THM - Free Report) TSE: ITH in a research report released on Thursday morning. The brokerage issued a sell rating on the mining company's stock.
International Tower Hill Mines Stock Up 2.3 %
Shares of International Tower Hill Mines stock traded up $0.01 during trading on Thursday, hitting $0.44. The stock had a trading volume of 196,571 shares, compared to its average volume of 146,353. The firm has a market cap of $87.86 million, a price-to-earnings ratio of -22.25 and a beta of 1.18. International Tower Hill Mines has a fifty-two week low of $0.33 and a fifty-two week high of $0.80.
Hedge Funds Weigh In On International Tower Hill Mines
A hedge fund recently bought a new stake in International Tower Hill Mines stock. Herr Investment Group LLC bought a new stake in International Tower Hill Mines Ltd. (NYSEAMERICAN:THM - Free Report) TSE: ITH in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,052,246 shares of the mining company's stock, valued at approximately $1,416,000. Herr Investment Group LLC owned 1.03% of International Tower Hill Mines as of its most recent filing with the Securities and Exchange Commission (SEC). 54.63% of the stock is owned by hedge funds and other institutional investors.
About International Tower Hill Mines
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International Tower Hill Mines Ltd. engages in the acquisition, exploration, and development of mineral properties. It holds rights to acquire interests in the Livengood gold project covering an area of approximately 19,546 hectares located to the northwest of Fairbanks, Alaska. The company was formerly known as Tower Hill Mines Ltd.
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