StockNews.com Begins Coverage on International Tower Hill Mines (NYSE:THM)

Research analysts at StockNews.com began coverage on shares of International Tower Hill Mines (NYSE:THM) in a research report issued to clients and investors on Wednesday. The brokerage set a “sell” rating on the stock.

International Tower Hill Mines Price Performance

Shares of THM stock opened at $0.63 on Wednesday. The company has a market cap of $126.61 million, a PE ratio of -31.70 and a beta of 1.04. International Tower Hill Mines has a 1 year low of $0.40 and a 1 year high of $0.80. The firm’s fifty day simple moving average is $0.49.

Insider Buying and Selling at International Tower Hill Mines

In other International Tower Hill Mines news, major shareholder Strategic Opportuniti Electrum purchased 1,152,091 shares of the stock in a transaction on Thursday, February 27th. The shares were purchased at an average price 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 in the company, valued at approximately $13,807,522.56. The trade was a 4.17 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 2.46% of the company’s stock.

Institutional Trading of International Tower Hill Mines

Institutional investors and hedge funds have recently modified their holdings of the business. Tradition Wealth Management LLC purchased a new stake in shares of International Tower Hill Mines in the 4th quarter valued at about $28,000. Hemenway Trust Co LLC bought a new position in shares of International Tower Hill Mines during the 4th quarter valued at about $38,000. Northern Trust Corp bought a new position in shares of International Tower Hill Mines during the 4th quarter valued at about $46,000. Finally, Dauntless Investment Group LLC bought a new position in shares of International Tower Hill Mines during the 4th quarter valued at about $106,000. Hedge funds and other institutional investors own 54.63% of the company’s 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.