Strategic Opportuniti Electrum Acquires 1,152,091 Shares of International Tower Hill Mines Ltd. (NYSE:THM) Stock

International Tower Hill Mines Ltd. (NYSE:THM) major shareholder Strategic Opportuniti Electrum purchased 1,152,091 shares of International Tower Hill Mines stock in a transaction on Thursday, February 27th. The stock was purchased at an average price of $0.48 per share, for a total transaction of $553,003.68. Following the completion of the transaction, the insider now owns 28,765,672 shares of the company’s stock, 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 legal filing with the SEC, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

International Tower Hill Mines Stock Performance

NYSE:THM opened at $0.47 on Monday. The firm has a market capitalization of $93.86 million, a price-to-earnings ratio of -23.50 and a beta of 1.10. International Tower Hill Mines Ltd. has a 12 month low of $0.40 and a 12 month high of $0.80. The company has a 50-day moving average price of $0.48.

Hedge Funds Weigh In On International Tower Hill Mines

A number of institutional investors have recently modified their holdings of the stock. Northern Trust Corp bought a new position in shares of International Tower Hill Mines in the fourth quarter worth about $46,000. Dauntless Investment Group LLC bought a new position in shares of International Tower Hill Mines in the fourth quarter worth about $106,000. Tradition Wealth Management LLC bought a new position in shares of International Tower Hill Mines in the fourth quarter worth about $28,000. Finally, Hemenway Trust Co LLC bought a new position in shares of International Tower Hill Mines in the fourth quarter worth about $38,000. 54.63% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com initiated coverage on shares of International Tower Hill Mines in a research report on Monday, February 24th. They issued a “sell” rating on the stock.

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.