International Tower Hill Mines (TSE:ITH) Shares Cross Above 50 Day Moving Average – Should You Sell?

International Tower Hill Mines Ltd. (TSE:ITH) (NYSE:THM)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.70 and traded as high as C$0.95. International Tower Hill Mines shares last traded at C$0.91, with a volume of 83,260 shares.

International Tower Hill Mines Stock Performance

The company has a market cap of C$127.76 million, a price-to-earnings ratio of -38.02 and a beta of 1.17. The company has a 50-day simple moving average of C$0.70 and a 200-day simple moving average of C$0.73.

Insiders Place Their Bets

In other news, insider Electrum Strategic Opportunities Fund II L.P. bought 1,152,091 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were bought at an average cost of C$0.69 per share, for a total transaction of C$796,491.20. Insiders own 0.51% of the company’s stock.

International Tower Hill Mines Company Profile

International Tower Hill Mines Ltd. engages in the acquisition, exploration, and development of mineral properties. It holds rights to acquire interests in the Livengood gold project covering an area of approximately 19,546 hectares located to the northwest of Fairbanks, Alaska. The company was formerly known as Tower Hill Mines Ltd.