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International Tower Hill Mines (TSE:ITH) Stock Price Up 7.4% - Time to Buy?

International Tower Hill Mines logo with Basic Materials background

International Tower Hill Mines Ltd. (TSE:ITH - Get Free Report) NYSE: THM traded up 7.4% during mid-day trading on Monday . The company traded as high as C$1.02 and last traded at C$1.02. 100,774 shares were traded during trading, an increase of 223% from the average session volume of 31,228 shares. The stock had previously closed at C$0.95.

International Tower Hill Mines Price Performance

The stock has a 50-day moving average price of C$0.90 and a 200 day moving average price of C$0.77. The firm has a market cap of C$165.67 million, a PE ratio of -49.30 and a beta of 1.17.

Insider Activity at International Tower Hill Mines

In other news, insider Electrum Strategic Opportunities Fund II L.P. purchased 1,152,091 shares of the company's stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average cost of C$0.69 per share, with a total value of C$796,491.20. Company insiders own 0.51% of the company's stock.

About International Tower Hill Mines

(Get Free Report)

International Tower Hill Mines Ltd. engages in the acquisition, exploration, and development of mineral properties. It holds rights to acquire interests in the Livengood gold project covering an area of approximately 19,546 hectares located to the northwest of Fairbanks, Alaska. The company was formerly known as Tower Hill Mines Ltd.

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