Investment analysts at StockNews.com assumed coverage on shares of International Tower Hill Mines (NYSE:THM - Get Free Report) in a research report issued to clients and investors on Sunday. The brokerage set a "sell" rating on the stock.
International Tower Hill Mines Stock Performance
Shares of THM traded down $0.01 during trading on Friday, reaching $0.67. The company's stock had a trading volume of 83,754 shares, compared to its average volume of 191,876. The company has a market cap of $138.66 million, a P/E ratio of -33.35 and a beta of 0.79. The business's fifty day moving average price is $0.57. International Tower Hill Mines has a twelve month low of $0.40 and a twelve month high of $0.77.
Insider Transactions at International Tower Hill Mines
In other news, major shareholder Strategic Opportuniti Electrum purchased 1,152,091 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average cost of $0.48 per share, with a total value of $553,003.68. Following the transaction, 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 filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 2.46% of the company's stock.
Hedge Funds Weigh In On International Tower Hill Mines
Hedge funds have recently added to or reduced their stakes in the business. Northern Trust Corp bought a new position in shares of International Tower Hill Mines in the 4th quarter worth about $46,000. Dauntless Investment Group LLC acquired a new stake in International Tower Hill Mines during the fourth quarter worth about $106,000. Tradition Wealth Management LLC bought a new position in International Tower Hill Mines in the fourth quarter worth about $28,000. Finally, Hemenway Trust Co LLC acquired a new position in International Tower Hill Mines in the fourth quarter valued at approximately $38,000. Institutional investors and hedge funds own 54.63% of the company's stock.
International Tower Hill Mines Company Profile
(
Get Free Report)
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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