International Tower Hill Mines Ltd. $THM Shares Sold by Sprott Inc.

Key Points

• Sprott Inc. reduced its stake in International Tower Hill Mines Ltd. by 7.3%, selling 1,704,499 shares in the first quarter and currently holds 10.40% of the company.
• Other institutional investors, such as Virtu Financial LLC, increased their stakes significantly, with Virtu raising its investment by 199.7% during the same period.
• The company's shares experienced a bounce, rising by 6.7% recently, and the stock is currently trading at around $1.28 with a market cap of $266.09 million.

Sprott Inc. trimmed its holdings in International Tower Hill Mines Ltd. (NYSE:THM - Free Report) by 7.3% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 21,614,267 shares of the company's stock after selling 1,704,499 shares during the period. Sprott Inc. owned about 10.40% of International Tower Hill Mines worth $13,798,000 as of its most recent SEC filing.

A number of other institutional investors also recently made changes to their positions in the business. Dauntless Investment Group LLC acquired a new stake in shares of International Tower Hill Mines during the 4th quarter valued at approximately $106,000. Northern Trust Corp acquired a new stake in shares of International Tower Hill Mines during the 4th quarter valued at approximately $46,000. Finally, Virtu Financial LLC raised its position in shares of International Tower Hill Mines by 199.7% during the 1st quarter. Virtu Financial LLC now owns 85,261 shares of the company's stock valued at $54,000 after acquiring an additional 56,814 shares in the last quarter. 54.63% of the stock is owned by institutional investors and hedge funds.

International Tower Hill Mines Price Performance

Shares of THM stock traded down $0.02 on Tuesday, hitting $1.35. 270,923 shares of the stock traded hands, compared to its average volume of 366,656. The company has a market capitalization of $280.64 million, a PE ratio of -67.50 and a beta of 0.43. International Tower Hill Mines Ltd. has a 1-year low of $0.40 and a 1-year high of $1.49. The company's fifty day moving average is $1.09 and its 200 day moving average is $0.82.

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.