International Tower Hill Mines (NYSE:THM) Trading 10.7% Higher – Here’s Why

International Tower Hill Mines Ltd. (NYSE:THM)’s share price traded up 10.7% during mid-day trading on Monday . The stock traded as high as $2.81 and last traded at $2.8120. 824,737 shares were traded during mid-day trading, a decline of 51% from the average session volume of 1,699,631 shares. The stock had previously closed at $2.54.

International Tower Hill Mines Trading Up 11.4%

The company’s 50 day moving average is $2.57 and its 200-day moving average is $2.25. The company has a market capitalization of $738.85 million, a P/E ratio of -141.50 and a beta of 0.85.

Insider Buying and Selling

In other news, major shareholder Paulson & Co. Inc. acquired 4,913,665 shares of the business’s stock in a transaction that occurred on Thursday, April 16th. The shares were bought at an average cost of $2.56 per share, with a total value of $12,578,982.40. Following the transaction, the insider owned 104,486,703 shares of the company’s stock, valued at $267,485,959.68. This trade represents a 4.93% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 2.10% of the company’s stock.

Institutional Trading of International Tower Hill Mines

Several institutional investors have recently bought and sold shares of the company. XTX Topco Ltd lifted its stake in International Tower Hill Mines by 26.5% during the 4th quarter. XTX Topco Ltd now owns 96,539 shares of the company’s stock valued at $180,000 after acquiring an additional 20,208 shares during the period. Jane Street Group LLC bought a new position in International Tower Hill Mines during the 2nd quarter valued at about $77,000. HighTower Advisors LLC bought a new position in International Tower Hill Mines during the 4th quarter valued at about $74,000. Captrust Financial Advisors bought a new position in International Tower Hill Mines during the 2nd quarter valued at about $69,000. Finally, WINTON GROUP Ltd bought a new position in International Tower Hill Mines during the 4th quarter valued at about $68,000. 54.63% of the stock is owned by hedge funds and other institutional investors.

About International Tower Hill Mines

International Tower Hill Mines Ltd. (NYSE American: THM) is a mineral exploration and development company focused on advancing its flagship Livengood gold project in Alaska, United States. Headquartered in Vancouver, Canada, the company’s primary business activity is the exploration, permitting and feasibility study of the Livengood deposit, which hosts a large-scale, low?sulfidation gold system. Through systematic drilling programs and resource modeling, International Tower Hill Mines aims to define and expand gold resources while advancing environmental and engineering studies toward a potential mining operation.

The Livengood project, situated approximately 70 miles northwest of Fairbanks, Alaska, has been the focal point of International Tower Hill Mines’ efforts since acquiring the property in 2011.