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

StockNews.com began coverage on shares of International Tower Hill Mines (NYSE:THM) in a research report report published on Tuesday. The brokerage issued a sell rating on the stock.

International Tower Hill Mines Trading Up 15.6 %

International Tower Hill Mines stock opened at $0.58 on Tuesday. International Tower Hill Mines has a one year low of $0.40 and a one year high of $0.80. The firm has a fifty day simple moving average of $0.48. The firm has a market capitalization of $115.48 million, a P/E ratio of -28.92 and a beta of 1.04.

Insider Buying and Selling at International Tower Hill Mines

In other news, major shareholder Strategic Opportuniti Electrum purchased 1,152,091 shares of the business’s stock in a transaction dated Thursday, February 27th. The stock was acquired at an average price of $0.48 per share, with a total value of $553,003.68. Following the purchase, the insider now directly owns 28,765,672 shares of the company’s stock, valued at $13,807,522.56. This represents a 4.17 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.46% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Tradition Wealth Management LLC acquired a new position in shares of International Tower Hill Mines during the 4th quarter worth $28,000. Hemenway Trust Co LLC acquired a new position in shares of International Tower Hill Mines during the 4th quarter worth $38,000. Northern Trust Corp acquired a new position in shares of International Tower Hill Mines during the 4th quarter worth $46,000. Finally, Dauntless Investment Group LLC acquired a new position in shares of International Tower Hill Mines during the 4th quarter worth $106,000. 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.