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

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

International Tower Hill Mines Stock Performance

Shares of THM opened at $0.67 on Thursday. International Tower Hill Mines has a 12 month low of $0.40 and a 12 month high of $0.80. The firm has a 50 day simple moving average of $0.53. The firm has a market capitalization of $139.43 million, a price-to-earnings ratio of -33.54 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 stock in a transaction dated 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 purchase, the insider now directly owns 28,765,672 shares of the company’s stock, valued at approximately $13,807,522.56. The trade was a 4.17 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 2.46% of the stock is owned by corporate insiders.

Institutional Trading of International Tower Hill Mines

A number of institutional investors have recently made changes to their positions in the company. Dauntless Investment Group LLC acquired a new stake in shares of International Tower Hill Mines in the fourth quarter worth approximately $106,000. Northern Trust Corp acquired a new stake in shares of International Tower Hill Mines in the fourth quarter worth approximately $46,000. Hemenway Trust Co LLC acquired a new stake in shares of International Tower Hill Mines in the fourth quarter worth approximately $38,000. Finally, Tradition Wealth Management LLC acquired a new stake in shares of International Tower Hill Mines in the fourth quarter worth 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.