Equities researchers at StockNews.com assumed coverage on shares of International Tower Hill Mines (NYSE:THM - Get Free Report) in a report issued on Thursday. The firm set a "sell" rating on the stock.
International Tower Hill Mines Stock Performance
International Tower Hill Mines stock traded down $0.02 during midday trading on Thursday, reaching $0.67. 276,651 shares of the stock traded hands, compared to its average volume of 175,346. The firm has a market capitalization of $139.43 million, a price-to-earnings ratio of -33.54 and a beta of 1.04. The business has a 50-day simple moving average of $0.53. International Tower Hill Mines has a 12-month low of $0.40 and a 12-month high of $0.80.
Insider Activity
In related news, major shareholder Strategic Opportuniti Electrum purchased 1,152,091 shares of International Tower Hill Mines stock in a transaction that occurred on Thursday, February 27th. The stock was purchased at an average cost of $0.48 per share, with a total value of $553,003.68. Following the completion of the transaction, the insider now directly owns 28,765,672 shares in the company, valued at approximately $13,807,522.56. The trade was a 4.17 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 2.46% of the company's stock.
Institutional Trading of International Tower Hill Mines
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Hemenway Trust Co LLC acquired a new stake in shares of International Tower Hill Mines in the 4th quarter valued at about $38,000. Tradition Wealth Management LLC purchased a new stake in International Tower Hill Mines in the fourth quarter valued at approximately $28,000. Dauntless Investment Group LLC acquired a new stake in shares of International Tower Hill Mines in the fourth quarter valued at approximately $106,000. Finally, Northern Trust Corp purchased a new position in shares of International Tower Hill Mines during the fourth quarter worth approximately $46,000. Institutional investors and hedge funds own 54.63% of the company's stock.
About International Tower Hill Mines
(
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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