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

StockNews.com began coverage on shares of International Tower Hill Mines (NYSE:THM) in a research report report published on Friday. The firm issued a sell rating on the stock.

International Tower Hill Mines Trading Down 1.0 %

Shares of NYSE THM opened at $0.65 on Friday. The firm has a market cap of $134.69 million, a price-to-earnings ratio of -32.40 and a beta of 1.04. The firm has a fifty day moving average price of $0.55. International Tower Hill Mines has a one year low of $0.40 and a one year high of $0.80.

Insider Buying and Selling at International Tower Hill Mines

In related news, major shareholder Strategic Opportuniti Electrum acquired 1,152,091 shares of the company’s stock in a transaction on Thursday, February 27th. The stock was purchased at an average cost of $0.48 per share, with a total value of $553,003.68. Following the acquisition, 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 ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.46% of the company’s stock.

Institutional Trading of International Tower Hill Mines

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

About International Tower Hill Mines

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.