International Tower Hill Mines Ltd. (NYSE:THM – Get Free Report) shares were up 10% on Wednesday . The company traded as high as $2.77 and last traded at $2.7940. Approximately 118,538 shares were traded during trading, a decline of 92% from the average daily volume of 1,436,133 shares. The stock had previously closed at $2.54.
International Tower Hill Mines Stock Down 1.8%
The stock has a market cap of $727.35 million, a P/E ratio of -139.00 and a beta of 0.96. The company’s 50 day moving average price is $2.21 and its 200-day moving average price is $2.42.
Institutional Trading of International Tower Hill Mines
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Corient Private Wealth LP acquired a new position in shares of International Tower Hill Mines in the 2nd quarter worth approximately $25,000. Ketron Financial acquired a new stake in shares of International Tower Hill Mines during the fourth quarter worth $28,000. Two Sigma Securities LLC bought a new position in International Tower Hill Mines during the second quarter worth $40,000. Tudor Investment Corp ET AL bought a new position in International Tower Hill Mines during the fourth quarter worth $41,000. Finally, StoneX Group Inc. lifted its holdings in International Tower Hill Mines by 43.3% in the fourth quarter. StoneX Group Inc. now owns 27,389 shares of the company’s stock valued at $51,000 after buying an additional 8,281 shares during the period. Institutional investors and hedge funds own 54.63% of the company’s stock.
International Tower Hill Mines Company Profile
International Tower Hill Mines Ltd. (NYSE American: THM) is a mineral exploration and development company focused on advancing its flagship Livengood gold project in Alaska, United States. Headquartered in Vancouver, Canada, the company’s primary business activity is the exploration, permitting and feasibility study of the Livengood deposit, which hosts a large-scale, low‐sulfidation gold system. Through systematic drilling programs and resource modeling, International Tower Hill Mines aims to define and expand gold resources while advancing environmental and engineering studies toward a potential mining operation.
The Livengood project, situated approximately 70 miles northwest of Fairbanks, Alaska, has been the focal point of International Tower Hill Mines’ efforts since acquiring the property in 2011.
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