International Tower Hill Mines (TSE:ITH) Sets New 12-Month High – What’s Next?

International Tower Hill Mines Ltd. (TSE:ITH) (NYSE:THM)’s stock price hit a new 52-week high on Friday . The stock traded as high as C$4.93 and last traded at C$4.89, with a volume of 48218 shares trading hands. The stock had previously closed at C$4.58.

International Tower Hill Mines Price Performance

The firm has a market capitalization of C$1.25 billion, a price-to-earnings ratio of -159.33 and a beta of 1.48. The business’s 50 day moving average price is C$3.32 and its 200-day moving average price is C$2.70.

About International Tower Hill Mines

International Tower Hill Mines Ltd is a mining company. It is engaged in the acquisition, exploration, and development of mineral properties. The company holds interests in an advanced stage exploration project namely the Livengood Gold Project. It is located approximately 70 miles northwest of Fairbanks, Alaska in the Tolovana mining district within the Tintina gold belt. The project property consists of land leased from the Alaska mental health trust, a number of smaller private mineral leases, Alaska state mining claims purchased or located by the company and patented ground held by the company.