International Tower Hill Mines (NYSE:THM) Stock Price Down 3.3% – Time to Sell?

International Tower Hill Mines Ltd. (NYSE:THM)’s share price traded down 3.3% during trading on Monday . The stock traded as low as $2.49 and last traded at $2.62. 876,388 shares traded hands during mid-day trading, a decline of 45% from the average session volume of 1,602,213 shares. The stock had previously closed at $2.71.

International Tower Hill Mines Stock Down 3.3%

The firm’s 50-day simple moving average is $2.44 and its 200 day simple moving average is $2.35. The stock has a market capitalization of $685.49 million, a P/E ratio of -131.00 and a beta of 0.85.

Insider Activity at International Tower Hill Mines

In related news, major shareholder Paulson & Co. Inc. bought 4,913,665 shares of the firm’s stock in a transaction on Thursday, April 16th. The stock was purchased at an average price of $2.56 per share, with a total value of $12,578,982.40. Following the completion of the transaction, the insider directly owned 104,486,703 shares of the company’s stock, valued at $267,485,959.68. This trade represents a 4.93% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 2.10% of the company’s stock.

Institutional Investors Weigh In On International Tower Hill Mines

Large investors have recently added to or reduced their stakes in the stock. Ketron Financial bought a new stake in shares of International Tower Hill Mines in the fourth quarter valued at approximately $28,000. Marshall Wace LLP bought a new stake in shares of International Tower Hill Mines in the second quarter valued at approximately $32,000. Tudor Investment Corp ET AL bought a new stake in shares of International Tower Hill Mines in the fourth quarter valued at approximately $41,000. XTX Topco Ltd boosted 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 valued at $51,000 after acquiring an additional 29,186 shares during the period. Finally, StoneX Group Inc. boosted its position in shares of International Tower Hill Mines by 43.3% in the fourth quarter. StoneX Group Inc. now owns 27,389 shares of the company’s stock valued at $51,000 after acquiring an additional 8,281 shares during the period. Institutional investors own 54.63% of the company’s stock.

About International Tower Hill Mines

International Tower Hill Mines Ltd. (NYSE American: THM) is a mineral exploration and development company focused on advancing its flagship Livengood gold project in Alaska, United States. Headquartered in Vancouver, Canada, the company’s primary business activity is the exploration, permitting and feasibility study of the Livengood deposit, which hosts a large-scale, low‐sulfidation gold system. Through systematic drilling programs and resource modeling, International Tower Hill Mines aims to define and expand gold resources while advancing environmental and engineering studies toward a potential mining operation.

The Livengood project, situated approximately 70 miles northwest of Fairbanks, Alaska, has been the focal point of International Tower Hill Mines’ efforts since acquiring the property in 2011.