International Tower Hill Mines (NYSE:THM) Now Covered by StockNews.com

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

International Tower Hill Mines Trading Down 1.5 %

NYSE THM opened at $0.73 on Thursday. The firm has a market cap of $152.59 million, a P/E ratio of -36.70 and a beta of 1.04. The company has a fifty day simple moving average of $0.52. International Tower Hill Mines has a 12-month low of $0.40 and a 12-month 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 shares were acquired at an average cost of $0.48 per share, for a total transaction of $553,003.68. Following the purchase, the insider now owns 28,765,672 shares in the company, 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 filing with the SEC, which can be accessed through the SEC website. Company insiders own 2.46% of the company’s stock.

Institutional Trading of International Tower Hill Mines

Several institutional investors have recently made changes to their positions in THM. Northern Trust Corp purchased a new position in International Tower Hill Mines during the fourth quarter worth about $46,000. Dauntless Investment Group LLC bought a new position in shares of International Tower Hill Mines during the 4th quarter worth approximately $106,000. Tradition Wealth Management LLC bought a new position in shares of International Tower Hill Mines during the 4th quarter worth approximately $28,000. Finally, Hemenway Trust Co LLC purchased a new position in shares of International Tower Hill Mines in the 4th quarter worth approximately $38,000. 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.