International Tower Hill Mines Ltd. (NYSE:THM – Get Free Report) gapped down before the market opened on Thursday . The stock had previously closed at $2.14, but opened at $2.01. International Tower Hill Mines shares last traded at $2.0850, with a volume of 108,938 shares trading hands.
International Tower Hill Mines Stock Performance
The company has a market cap of $533.74 million, a P/E ratio of -102.00 and a beta of 0.94. The firm has a 50 day moving average price of $2.23 and a two-hundred day moving average price of $2.43.
Hedge Funds Weigh In On International Tower Hill Mines
Several hedge funds have recently made changes to their positions in THM. Ketron Financial purchased a new stake in International Tower Hill Mines during the 4th quarter worth about $28,000. Tudor Investment Corp ET AL bought a new position in International Tower Hill Mines in the 4th quarter worth about $41,000. StoneX Group Inc. grew its holdings in International Tower Hill Mines by 43.3% during the 4th 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 in the last quarter. WINTON GROUP Ltd purchased a new position in International Tower Hill Mines during the 4th quarter valued at about $68,000. Finally, Marshall Wace LLP bought a new stake in shares of International Tower Hill Mines during the second quarter valued at about $32,000. 54.63% of the stock is currently owned by hedge funds and other institutional investors.
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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