StockNews.com Initiates Coverage on International Tower Hill Mines (NYSE:THM)

StockNews.com began coverage on shares of International Tower Hill Mines (NYSE:THM - Free Report) in a research report released on Saturday. The brokerage issued a sell rating on the stock.

International Tower Hill Mines Trading Up 16.7 %

International Tower Hill Mines stock traded up $0.08 during trading hours on Friday, reaching $0.56. 405,145 shares of the company were exchanged, compared to its average volume of 189,398. International Tower Hill Mines has a 12 month low of $0.40 and a 12 month high of $0.80. The firm has a market capitalization of $116.94 million, a price-to-earnings ratio of -28.13 and a beta of 0.79. The firm has a 50-day moving average price of $0.56.

Insider Transactions at International Tower Hill Mines

In related news, major shareholder Strategic Opportuniti Electrum acquired 1,152,091 shares of the stock in a transaction dated Thursday, February 27th. The shares were acquired at an average price of $0.48 per share, for a total transaction of $553,003.68. Following the completion of the purchase, the insider now owns 28,765,672 shares in the company, valued at approximately $13,807,522.56. The trade was a 4.17 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 2.46% of the stock is currently owned by corporate insiders.

Institutional Trading of International Tower Hill Mines

Several hedge funds and other institutional investors have recently bought and sold shares of THM. Hemenway Trust Co LLC bought a new stake in shares of International Tower Hill Mines in the fourth quarter valued at about $38,000. Tradition Wealth Management LLC bought a new stake in shares of International Tower Hill Mines in the 4th quarter worth approximately $28,000. Dauntless Investment Group LLC acquired a new stake in shares of International Tower Hill Mines during the 4th quarter worth approximately $106,000. Finally, Northern Trust Corp bought a new stake in shares of International Tower Hill Mines during the fourth quarter valued at approximately $46,000. 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.