International Tower Hill Mines (NYSE:THM) Coverage Initiated by Analysts at StockNews.com

StockNews.com began coverage on shares of International Tower Hill Mines (NYSE:THM) in a research note issued to investors on Wednesday. The brokerage issued a sell rating on the stock.

International Tower Hill Mines Stock Performance

International Tower Hill Mines stock opened at $0.67 on Wednesday. The firm has a market capitalization of $132.80 million, a price-to-earnings ratio of -33.25 and a beta of 1.04. International Tower Hill Mines has a 52 week low of $0.40 and a 52 week high of $0.80. The business’s 50-day moving average is $0.50.

Insider Buying and Selling

In related news, major shareholder Strategic Opportuniti Electrum bought 1,152,091 shares of the company’s stock in a transaction that occurred on Thursday, February 27th. The shares were purchased at an average cost of $0.48 per share, with a total value of $553,003.68. Following the completion of the acquisition, 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 2.46% of the stock is owned by corporate insiders.

Institutional Trading of International Tower Hill Mines

Several institutional investors have recently bought and sold shares of THM. Dauntless Investment Group LLC acquired a new stake in International Tower Hill Mines in the fourth quarter valued at approximately $106,000. Northern Trust Corp purchased a new position in shares of International Tower Hill Mines in the fourth quarter valued at approximately $46,000. Hemenway Trust Co LLC purchased a new position in shares of International Tower Hill Mines in the fourth quarter valued at approximately $38,000. Finally, Tradition Wealth Management LLC purchased a new position in shares of International Tower Hill Mines in the fourth quarter valued at approximately $28,000. 54.63% of the stock is owned by institutional investors and hedge funds.

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.