Shares of International Tower Hill Mines Ltd. (NYSE:THM – Get Free Report) gapped up prior to trading on Monday . The stock had previously closed at $2.60, but opened at $2.80. International Tower Hill Mines shares last traded at $2.6410, with a volume of 166,410 shares trading hands.
International Tower Hill Mines Price Performance
The company has a market cap of $697.86 million, a P/E ratio of -133.25 and a beta of 1.04. The stock has a 50-day moving average of $2.37 and a 200 day moving average of $2.39.
Institutional Investors Weigh In On International Tower Hill Mines
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Corient Private Wealth LP purchased a new position in shares of International Tower Hill Mines in the 2nd quarter worth about $25,000. Ketron Financial bought a new stake in shares of International Tower Hill Mines in the fourth quarter valued at approximately $28,000. Two Sigma Securities LLC purchased a new stake in shares of International Tower Hill Mines during the second quarter worth $40,000. TCI Wealth Advisors Inc. purchased a new stake in International Tower Hill Mines during the 1st quarter worth about $97,000. Finally, BlackRock Inc. purchased a new position in International Tower Hill Mines during the second quarter valued at approximately $96,000. 54.63% of the stock is owned by institutional investors.
International Tower Hill Mines Company Profile
International Tower Hill Mines Ltd. is a mineral exploration and development company focused on advancing gold properties in Alaska. The company’s principal asset is the Livengood Gold Project, located approximately 70 miles northwest of Fairbanks in the Tintina Gold Belt.
The Livengood project centers on the Money Knob deposit, a large, low-grade gold system that the company is evaluating for potential development using conventional open-pit mining and processing methods. International Tower Hill Mines’ activities include exploration, resource evaluation, engineering studies, permitting, and other technical work intended to assess the project’s economic and development potential.
The company has historically focused its operations on Alaska and does not currently operate producing mines.
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