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

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

International Tower Hill Mines Stock Up 16.9 %

Shares of NYSE THM opened at $0.67 on Friday. International Tower Hill Mines has a one year low of $0.40 and a one year high of $0.77. The company has a 50-day moving average price of $0.56. The stock has a market capitalization of $140.30 million, a P/E ratio of -33.75 and a beta of 0.79.

Insider Activity at International Tower Hill Mines

In other International Tower Hill Mines news, major shareholder Strategic Opportuniti Electrum acquired 1,152,091 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was purchased at an average cost of $0.48 per share, for a total transaction of $553,003.68. Following the completion of the acquisition, the insider now 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 2.46% of the company’s stock.

Institutional Trading of International Tower Hill Mines

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Tradition Wealth Management LLC acquired a new position in shares of International Tower Hill Mines during the 4th quarter valued at about $28,000. Hemenway Trust Co LLC bought a new stake in International Tower Hill Mines during the fourth quarter worth approximately $38,000. Northern Trust Corp acquired a new position in International Tower Hill Mines during the fourth quarter valued at approximately $46,000. Finally, Dauntless Investment Group LLC bought a new position in shares of International Tower Hill Mines in the fourth quarter valued at approximately $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.