Strategic Opportuniti Electrum Purchases 1,152,091 Shares of International Tower Hill Mines Ltd. (NYSE:THM) Stock

International Tower Hill Mines Ltd. (NYSE:THM) major shareholder Strategic Opportuniti Electrum purchased 1,152,091 shares of the firm’s stock in a transaction that occurred on Thursday, February 27th. The stock was bought at an average cost 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 in the company, valued at $13,807,522.56. This represents a 4.17 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

International Tower Hill Mines Stock Up 0.2 %

Shares of THM stock opened at $0.47 on Friday. International Tower Hill Mines Ltd. has a fifty-two week low of $0.40 and a fifty-two week high of $0.80. The company has a fifty day moving average price of $0.48. The stock has a market cap of $93.86 million, a price-to-earnings ratio of -23.50 and a beta of 1.10.

Analyst Ratings Changes

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

Institutional Trading of International Tower Hill Mines

Several large investors have recently bought and sold shares of the business. Hemenway Trust Co LLC purchased a new position in International Tower Hill Mines in the 4th quarter worth approximately $38,000. Tradition Wealth Management LLC acquired a new stake in shares of International Tower Hill Mines in the fourth quarter valued at approximately $28,000. Dauntless Investment Group LLC acquired a new stake in shares of International Tower Hill Mines in the fourth quarter valued at approximately $106,000. Finally, Northern Trust Corp purchased a new position in International Tower Hill Mines during the fourth quarter worth approximately $46,000. Hedge funds and other institutional investors own 54.63% of the company’s stock.

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.