International Tower Hill Mines Ltd. (NYSE:THM) Major Shareholder Strategic Opportuniti Electrum Acquires 1,152,091 Shares

International Tower Hill Mines Ltd. (NYSE:THM) major shareholder Strategic Opportuniti Electrum bought 1,152,091 shares of the company’s stock in a transaction on Thursday, February 27th. The shares were bought at an average price of $0.48 per share, for a total transaction of $553,003.68. Following the transaction, the insider now owns 28,765,672 shares of the company’s stock, valued at approximately $13,807,522.56. This represents a 4.17 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

International Tower Hill Mines Trading Up 0.2 %

Shares of International Tower Hill Mines stock traded up $0.00 on Friday, reaching $0.47. The stock had a trading volume of 190,882 shares, compared to its average volume of 173,294. The stock’s 50 day moving average price is $0.48. International Tower Hill Mines Ltd. has a 1 year low of $0.40 and a 1 year high of $0.80. The stock has a market capitalization of $93.86 million, a P/E ratio of -23.50 and a beta of 1.10.

Analysts Set New Price Targets

Separately, StockNews.com began coverage on International Tower Hill Mines in a research note on Monday. They set a “sell” rating on the stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Tradition Wealth Management LLC bought a new stake in International Tower Hill Mines during the fourth quarter valued at $28,000. Hemenway Trust Co LLC purchased a new stake in shares of International Tower Hill Mines in the 4th quarter valued at about $38,000. Northern Trust Corp bought a new stake in shares of International Tower Hill Mines during the 4th quarter valued at about $46,000. Finally, Dauntless Investment Group LLC purchased a new position in shares of International Tower Hill Mines during the fourth quarter worth about $106,000. Institutional investors own 54.63% of the company’s stock.

International Tower Hill Mines Company Profile

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.