International Tower Hill Mines (NYSE:THM) Trading Down 5.6% - Should You Sell?

Key Points

• International Tower Hill Mines Ltd. (NYSE:THM) experienced a decline of 5.6% in stock price, trading as low as $1.62 before closing at $1.67.
• The company's market capitalization stands at $347.17 million, with a price-to-earnings ratio of -83.50.
• Recent institutional investments include a 97.7% increase in stake by XTX Topco Ltd and a 199.7% increase by Virtu Financial LLC, indicating growing interest from hedge funds.

International Tower Hill Mines Ltd. (NYSE:THM - )'s stock price traded down 5.6% during mid-day trading on Thursday . The company traded as low as $1.62 and last traded at $1.67. 687,461 shares were traded during trading, an increase of 76% from the average session volume of 390,980 shares. The stock had previously closed at $1.77.

International Tower Hill Mines Price Performance

The business has a fifty day moving average of $1.41 and a 200-day moving average of $1.01. The stock has a market capitalization of $347.17 million, a price-to-earnings ratio of -83.50 and a beta of 0.54.

Hedge Funds Weigh In On International Tower Hill Mines

A number of institutional investors have recently bought and sold shares of the stock. XTX Topco Ltd increased its stake in International Tower Hill Mines by 97.7% in the 2nd quarter. XTX Topco Ltd now owns 59,074 shares of the company's stock worth $51,000 after purchasing an additional 29,186 shares in the last quarter. Marshall Wace LLP purchased a new position in International Tower Hill Mines in the 2nd quarter worth about $32,000. Virtu Financial LLC increased its stake in International Tower Hill Mines by 199.7% in the 1st quarter. Virtu Financial LLC now owns 85,261 shares of the company's stock worth $54,000 after purchasing an additional 56,814 shares in the last quarter. Captrust Financial Advisors purchased a new position in International Tower Hill Mines in the 2nd quarter worth about $69,000. Finally, Jane Street Group LLC purchased a new position in International Tower Hill Mines in the 2nd quarter worth about $77,000. Hedge funds and other institutional investors own 54.63% of the company's stock.

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.

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