International Tower Hill Mines Ltd. (NYSE:THM) Major Shareholder Strategic Opportuniti Electrum Buys 1,152,091 Shares

International Tower Hill Mines Ltd. (NYSE:THM) major shareholder Strategic Opportuniti Electrum purchased 1,152,091 shares of the stock in a transaction that occurred on Thursday, February 27th. The shares were purchased at an average price of $0.48 per share, for a total transaction of $553,003.68. Following the completion of the purchase, 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

International Tower Hill Mines Stock Performance

Shares of International Tower Hill Mines stock opened at $0.47 on Friday. The firm has a market cap of $93.86 million, a price-to-earnings ratio of -23.50 and a beta of 1.10. International Tower Hill Mines Ltd. has a twelve month low of $0.40 and a twelve month high of $0.80. The company’s 50-day simple moving average is $0.48.

Institutional Investors Weigh In On International Tower Hill Mines

Large investors have recently made changes to their positions in the company. Northern Trust Corp bought a new stake in shares of International Tower Hill Mines during the fourth quarter worth $46,000. Dauntless Investment Group LLC acquired a new position in International Tower Hill Mines during the 4th quarter valued at about $106,000. Tradition Wealth Management LLC bought a new position in International Tower Hill Mines in the fourth quarter valued at approximately $28,000. Finally, Hemenway Trust Co LLC bought a new position in International Tower Hill Mines in the fourth quarter valued at approximately $38,000. Institutional investors own 54.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on International Tower Hill Mines in a research report on Monday, February 24th. They set a “sell” rating on the stock.

International Tower Hill Mines Company Profile

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.