StockNews.com began coverage on shares of International Tower Hill Mines (NYSE:THM - Free Report) in a research report sent to investors on Sunday. The brokerage issued a sell rating on the stock.
International Tower Hill Mines Trading Down 2.6 %
NYSE:THM traded down $0.01 during trading hours on Friday, reaching $0.50. 89,636 shares of the stock were exchanged, compared to its average volume of 175,488. The stock has a market capitalization of $99.85 million, a PE ratio of -25.00 and a beta of 1.10. International Tower Hill Mines has a twelve month low of $0.40 and a twelve month high of $0.80. The company's 50 day simple moving average is $0.48.
Institutional Investors Weigh In On International Tower Hill Mines
Several institutional investors and hedge funds have recently added to or reduced their stakes in THM. Northern Trust Corp acquired a new stake in shares of International Tower Hill Mines in the fourth quarter valued at about $46,000. Dauntless Investment Group LLC acquired a new position in shares of International Tower Hill Mines during the 4th quarter worth approximately $106,000. Tradition Wealth Management LLC acquired a new position in shares of International Tower Hill Mines during the 4th quarter worth approximately $28,000. Finally, Hemenway Trust Co LLC bought a new stake in shares of International Tower Hill Mines during the 4th quarter worth approximately $38,000. 54.63% of the stock is owned by institutional investors.
International Tower Hill Mines Company Profile
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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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