International Tower Hill Mines (NYSE:THM) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of International Tower Hill Mines (NYSE:THM) in a research report released on Thursday morning. The firm issued a sell rating on the stock.

International Tower Hill Mines Trading Down 5.7 %

NYSE THM opened at $0.69 on Thursday. The firm has a market cap of $143.86 million, a P/E ratio of -34.60 and a beta of 1.04. International Tower Hill Mines has a 1 year low of $0.40 and a 1 year high of $0.80. The business’s 50-day moving average is $0.53.

Insider Activity

In other International Tower Hill Mines news, major shareholder Strategic Opportuniti Electrum bought 1,152,091 shares of the company’s stock in a transaction dated 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 acquisition, the insider now directly owns 28,765,672 shares of the company’s stock, valued at approximately $13,807,522.56. This trade represents a 4.17 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 2.46% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On International Tower Hill Mines

A number of large investors have recently made changes to their positions in THM. Dauntless Investment Group LLC bought a new stake in shares of International Tower Hill Mines in the 4th quarter valued at approximately $106,000. Northern Trust Corp bought a new stake in shares of International Tower Hill Mines in the 4th quarter valued at approximately $46,000. Hemenway Trust Co LLC bought a new stake in shares of International Tower Hill Mines in the 4th quarter valued at approximately $38,000. Finally, Tradition Wealth Management LLC bought a new stake in shares of International Tower Hill Mines in the 4th quarter valued at approximately $28,000. Institutional investors and hedge funds own 54.63% of the company’s stock.

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.