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

Equities researchers at StockNews.com initiated coverage on shares of International Tower Hill Mines (NYSE:THM) in a research report issued on Friday. The firm set a “sell” rating on the stock.

International Tower Hill Mines Price Performance

Shares of NYSE THM opened at $0.65 on Friday. The company has a market cap of $134.69 million, a P/E ratio of -32.40 and a beta of 1.04. International Tower Hill Mines has a 12 month low of $0.40 and a 12 month high of $0.80. The business’s 50 day simple moving average is $0.55.

Insider Activity

In related news, major shareholder Strategic Opportuniti Electrum purchased 1,152,091 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average price of $0.48 per share, for a total transaction of $553,003.68. Following the purchase, the insider now owns 28,765,672 shares in the company, valued at approximately $13,807,522.56. This represents a 4.17 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.46% of the company’s stock.

Institutional Investors Weigh In On International Tower Hill Mines

Several hedge funds have recently bought and sold shares of THM. Dauntless Investment Group LLC bought a new position in shares of International Tower Hill Mines during the fourth quarter worth approximately $106,000. Northern Trust Corp bought a new stake in International Tower Hill Mines in the 4th quarter valued at $46,000. Hemenway Trust Co LLC acquired a new position in International Tower Hill Mines in the 4th quarter valued at $38,000. Finally, Tradition Wealth Management LLC bought a new position in International Tower Hill Mines during the 4th quarter worth $28,000. 54.63% of the stock is currently 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.