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

Research analysts at StockNews.com assumed coverage on shares of International Tower Hill Mines (NYSE:THM) in a report issued on Wednesday. The firm set a “sell” rating on the stock.

International Tower Hill Mines Stock Up 3.2 %

International Tower Hill Mines stock opened at $0.65 on Wednesday. The company has a market cap of $129.80 million, a P/E ratio of -32.50 and a beta of 1.04. The firm’s fifty day simple moving average is $0.50. International Tower Hill Mines has a 1-year low of $0.40 and a 1-year high of $0.80.

Insider Activity at International Tower Hill Mines

In related news, major shareholder Strategic Opportuniti Electrum purchased 1,152,091 shares of the firm’s stock in a transaction on Thursday, February 27th. The shares were bought at an average cost of $0.48 per share, for a total transaction of $553,003.68. Following the transaction, the insider now directly 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 2.46% of the stock is currently owned by company insiders.

Institutional Trading of International Tower Hill Mines

Several hedge funds and other institutional investors have recently bought and sold shares of THM. Dauntless Investment Group LLC acquired a new stake in shares of International Tower Hill Mines during the 4th quarter valued at about $106,000. Northern Trust Corp bought a new position in shares of International Tower Hill Mines in the fourth quarter worth about $46,000. Hemenway Trust Co LLC bought a new position in shares of International Tower Hill Mines in the fourth quarter worth about $38,000. Finally, Tradition Wealth Management LLC bought a new position in shares of International Tower Hill Mines in the fourth quarter worth about $28,000. 54.63% of the stock is currently owned by institutional investors and hedge funds.

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.