Russell Investments Group Ltd. Sells 302,648 Shares of International Tower Hill Mines Ltd. $THM

Key Points

• Russell Investments Group Ltd. reduced its stake in International Tower Hill Mines by 11.7%, now owning approximately 1.10% of the company after selling 302,648 shares.
• Northern Trust Corp acquired a new stake in the company worth approximately $46,000 in the fourth quarter, contributing to institutional investors owning 54.63% of the stock.
• As of Thursday, shares of International Tower Hill Mines traded at $1.38, with a market cap of $286.88 million and a 52-week range between $0.40 and $1.49.

Russell Investments Group Ltd. cut its holdings in International Tower Hill Mines Ltd. (NYSE:THM - Free Report) by 11.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,289,241 shares of the company's stock after selling 302,648 shares during the period. Russell Investments Group Ltd. owned 1.10% of International Tower Hill Mines worth $1,447,000 as of its most recent filing with the SEC.

Separately, Virtu Financial LLC increased its stake in shares of International Tower Hill Mines by 199.7% in the first quarter. Virtu Financial LLC now owns 85,261 shares of the company's stock worth $54,000 after purchasing an additional 56,814 shares during the period. 54.63% of the stock is currently owned by institutional investors.

International Tower Hill Mines Stock Performance

Shares of International Tower Hill Mines stock traded up $0.21 during trading on Tuesday, reaching $1.61. The company's stock had a trading volume of 1,383,715 shares, compared to its average volume of 370,873. The business's fifty day moving average price is $1.15 and its 200-day moving average price is $0.85. The firm has a market cap of $334.69 million, a price-to-earnings ratio of -80.50 and a beta of 0.54. International Tower Hill Mines Ltd. has a one year low of $0.40 and a one year high of $1.67.

International Tower Hill Mines Company Profile

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.