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International Tower Hill Mines (NYSE:THM) Shares Down 3.2% - What's Next?

International Tower Hill Mines logo with Basic Materials background

Key Points

  • International Tower Hill Mines Ltd. shares dropped 3.2% during trading on Friday, with the stock reaching a low of $1.82 before closing at $1.84.
  • Institutional investors increased their stakes in the company, with Virtu Financial LLC boosting its position by nearly 200% during the first quarter.
  • The company is primarily focused on the Livengood Gold Project in Alaska, as part of its portfolio of gold and base metal exploration projects.
  • Five stocks we like better than International Tower Hill Mines.

Shares of International Tower Hill Mines Ltd. (NYSE:THM - Get Free Report) fell 3.2% during trading on Friday . The stock traded as low as $1.82 and last traded at $1.84. 655,396 shares were traded during trading, an increase of 30% from the average session volume of 505,995 shares. The stock had previously closed at $1.90.

International Tower Hill Mines Price Performance

The firm's 50-day moving average is $1.67 and its 200 day moving average is $1.17. The stock has a market cap of $382.51 million, a price-to-earnings ratio of -92.00 and a beta of 0.54.

Institutional Investors Weigh In On International Tower Hill Mines

Large investors have recently made changes to their positions in the business. Marshall Wace LLP acquired a new stake in shares of International Tower Hill Mines in the second quarter worth $32,000. XTX Topco Ltd increased its position in shares of International Tower Hill Mines by 97.7% in the second quarter. XTX Topco Ltd now owns 59,074 shares of the company's stock worth $51,000 after acquiring an additional 29,186 shares in the last quarter. Virtu Financial LLC increased its position 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 acquiring an additional 56,814 shares in the last quarter. Captrust Financial Advisors acquired a new stake in shares of International Tower Hill Mines in the second quarter worth $69,000. Finally, Jane Street Group LLC acquired a new stake in shares of International Tower Hill Mines in the second quarter worth $77,000. Institutional investors and hedge funds own 54.63% of the company's stock.

About International Tower Hill Mines

(Get Free Report)

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.

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