International Tower Hill Mines (NYSE:THM) Trading Up 6.5% – Still a Buy?

International Tower Hill Mines Ltd. (NYSE:THM)’s stock price traded up 6.5% on Wednesday . The company traded as high as $2.54 and last traded at $2.5550. 175,477 shares were traded during mid-day trading, a decline of 87% from the average daily volume of 1,402,302 shares. The stock had previously closed at $2.40.

International Tower Hill Mines Price Performance

The stock has a 50 day moving average of $2.28 and a two-hundred day moving average of $2.43. The stock has a market capitalization of $658.02 million, a PE ratio of -125.25 and a beta of 1.04.

Institutional Trading of International Tower Hill Mines

A number of institutional investors have recently bought and sold shares of the company. StoneX Group Inc. boosted its position in shares of International Tower Hill Mines by 43.3% in the 4th quarter. StoneX Group Inc. now owns 27,389 shares of the company’s stock worth $51,000 after buying an additional 8,281 shares in the last quarter. Corient Private Wealth LP purchased a new position in shares of International Tower Hill Mines during the 2nd quarter worth $25,000. Ketron Financial purchased a new position in shares of International Tower Hill Mines during the 4th quarter worth $28,000. Two Sigma Securities LLC acquired a new stake in shares of International Tower Hill Mines during the second quarter worth $40,000. Finally, XTX Topco Ltd boosted its holdings in shares of International Tower Hill Mines by 26.5% during the fourth quarter. XTX Topco Ltd now owns 96,539 shares of the company’s stock worth $180,000 after purchasing an additional 20,208 shares during the last quarter. 54.63% of the stock is currently owned by hedge funds and other institutional investors.

About International Tower Hill Mines

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.