International Tower Hill Mines (TSE:ITH) Stock Price Passes Above 50 Day Moving Average – Here’s What Happened

International Tower Hill Mines Ltd. (TSE:ITH) (NYSE:THM)’s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of C$2.62 and traded as high as C$3.13. International Tower Hill Mines shares last traded at C$3.13, with a volume of 35,727 shares trading hands.

International Tower Hill Mines Stock Performance

The business has a fifty day simple moving average of C$2.62 and a 200 day simple moving average of C$2.25. The company has a market cap of C$650.68 million, a P/E ratio of -104.33 and a beta of 1.48.

International Tower Hill Mines (TSE:ITH) (NYSE:THM) last issued its quarterly earnings results on Friday, November 7th. The mining company reported C$0.00 earnings per share for the quarter. Equities research analysts expect that International Tower Hill Mines Ltd. will post -0.02 EPS for the current year.

International Tower Hill Mines Company Profile

International Tower Hill Mines Ltd is a mining company. It is engaged in the acquisition, exploration, and development of mineral properties. The company holds interests in an advanced stage exploration project namely the Livengood Gold Project. It is located approximately 70 miles northwest of Fairbanks, Alaska in the Tolovana mining district within the Tintina gold belt. The project property consists of land leased from the Alaska mental health trust, a number of smaller private mineral leases, Alaska state mining claims purchased or located by the company and patented ground held by the company.