Shares of International Tower Hill Mines Ltd. (NYSE:THM – Get Free Report) dropped 0.5% on Thursday . The stock traded as low as $1.8550 and last traded at $1.90. Approximately 286,071 shares were traded during mid-day trading, a decline of 46% from the average daily volume of 533,738 shares. The stock had previously closed at $1.91.
International Tower Hill Mines Stock Performance
The stock has a market cap of $394.98 million, a P/E ratio of -95.00 and a beta of 0.70. The business has a 50 day simple moving average of $1.84 and a 200-day simple moving average of $1.46.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently bought and sold shares of THM. Marshall Wace LLP purchased a new position in International Tower Hill Mines in the 2nd quarter valued at approximately $32,000. XTX Topco Ltd boosted its holdings in shares of International Tower Hill Mines by 97.7% in the second quarter. XTX Topco Ltd now owns 59,074 shares of the company’s stock worth $51,000 after acquiring an additional 29,186 shares during the period. Captrust Financial Advisors purchased a new position in shares of International Tower Hill Mines in the second quarter valued at $69,000. Jane Street Group LLC purchased a new position in shares of International Tower Hill Mines in the second quarter valued at $77,000. Finally, Connor Clark & Lunn Investment Management Ltd. raised its stake in shares of International Tower Hill Mines by 589.1% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 120,600 shares of the company’s stock valued at $104,000 after purchasing an additional 103,100 shares during the period. 54.63% of the stock is owned by institutional investors.
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.
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