StockNews.com initiated coverage on shares of International Tower Hill Mines (NYSE:THM - Free Report) in a research note released on Friday. The brokerage issued a sell rating on the stock.
International Tower Hill Mines Stock Down 2.5 %
NYSE:THM traded down $0.02 on Friday, hitting $0.63. The company had a trading volume of 360,585 shares, compared to its average volume of 181,065. International Tower Hill Mines has a 52 week low of $0.40 and a 52 week high of $0.80. The stock has a market cap of $131.38 million, a PE ratio of -31.60 and a beta of 1.04. The company's 50 day moving average price is $0.55.
Insiders Place Their Bets
In other International Tower Hill Mines news, major shareholder Strategic Opportuniti Electrum bought 1,152,091 shares of the business's stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average cost of $0.48 per share, for a total transaction of $553,003.68. Following the transaction, the insider now directly owns 28,765,672 shares in the company, valued at approximately $13,807,522.56. This represents a 4.17 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 2.46% of the company's stock.
Hedge Funds Weigh In On International Tower Hill Mines
Several large investors have recently modified their holdings of THM. Dauntless Investment Group LLC bought a new stake in shares of International Tower Hill Mines in the fourth quarter worth $106,000. Northern Trust Corp acquired a new position in International Tower Hill Mines during the 4th quarter worth about $46,000. Hemenway Trust Co LLC bought a new stake in shares of International Tower Hill Mines in the 4th quarter valued at about $38,000. Finally, Tradition Wealth Management LLC acquired a new stake in shares of International Tower Hill Mines in the fourth quarter valued at about $28,000. Institutional investors own 54.63% of the company's stock.
About International Tower Hill Mines
(
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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.
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