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

StockNews.com assumed coverage on shares of International Tower Hill Mines (NYSE:THM) in a research note released on Saturday morning. The firm issued a sell rating on the stock.

International Tower Hill Mines Stock Down 0.9 %

THM stock opened at $0.48 on Friday. The firm has a market capitalization of $98.93 million, a PE ratio of -23.80 and a beta of 0.79. International Tower Hill Mines has a fifty-two week low of $0.40 and a fifty-two week high of $0.80. The stock’s 50-day moving average price is $0.55.

Insider Buying and Selling

In related news, major shareholder Strategic Opportuniti Electrum purchased 1,152,091 shares of International Tower Hill Mines stock in a transaction that occurred 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 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 trade represents a 4.17 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.46% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the stock. Dauntless Investment Group LLC bought a new position in shares of International Tower Hill Mines in the fourth quarter valued at $106,000. Northern Trust Corp acquired a new stake in International Tower Hill Mines in the fourth quarter valued at $46,000. Hemenway Trust Co LLC bought a new position in shares of International Tower Hill Mines in the 4th quarter valued at about $38,000. Finally, Tradition Wealth Management LLC acquired a new position in shares of International Tower Hill Mines during the 4th quarter worth about $28,000. Institutional investors and hedge funds own 54.63% of the company’s stock.

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.