International Tower Hill Mines Ltd. (NYSE:THM – Get Free Report) shares were down 11.8% on Wednesday. The stock traded as low as $2.01 and last traded at $1.9850. 521,233 shares were traded during trading, a decline of 60% from the average session volume of 1,294,531 shares. The stock had previously closed at $2.25.
International Tower Hill Mines Trading Down 0.2%
The company has a market capitalization of $572.35 million, a price-to-earnings ratio of -109.25 and a beta of 1.00. The stock’s fifty day simple moving average is $2.55 and its 200-day simple moving average is $2.38.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Corient Private Wealth LP purchased a new stake in shares of International Tower Hill Mines in the 2nd quarter valued at approximately $25,000. Ketron Financial purchased a new stake in shares of International Tower Hill Mines during the 4th quarter worth $28,000. Two Sigma Securities LLC purchased a new stake in shares of International Tower Hill Mines during the 2nd quarter worth $40,000. TCI Wealth Advisors Inc. purchased a new stake in shares of International Tower Hill Mines during the 1st quarter worth $97,000. Finally, BlackRock Inc. purchased a new position in International Tower Hill Mines in the second quarter valued at $96,000. Institutional investors and hedge funds own 54.63% of the company’s stock.
About International Tower Hill Mines
International Tower Hill Mines Ltd. is a Canadian mineral exploration and development company focused on advancing the Livengood Gold Project in Alaska. The company does not operate producing mines; its activities center on exploration, resource evaluation, technical studies, permitting and project development.
The Livengood Gold Project is located near Fairbanks, Alaska, and is wholly owned by International Tower Hill Mines. The project covers a large gold deposit and is being evaluated for potential development through additional engineering, economic analysis and environmental and permitting work.
International Tower Hill Mines trades on the NYSE American under the symbol THM and on the Toronto Stock Exchange under the same symbol.
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