Key Points
- Electrum (Global Holdings L.P.) purchased 3,153,153 shares of International Tower Hill Mines (NYSE: THM) at an average price of $2.22 per share, a transaction valued at $6,999,999.66 and disclosed in an SEC filing.
- THM stock recently traded down 2.9%, opened at $2.99 with a market capitalization of about $621.58 million, a 12‑month range of $0.45–$3.65, and roughly 54.63% of shares held by institutional investors.
International Tower Hill Mines Ltd. (NYSE:THM - Get Free Report) major shareholder Global Holdings L.P. Electrum acquired 3,153,153 shares of the firm's stock in a transaction that occurred on Tuesday, January 27th. The stock was acquired at an average price of $2.22 per share, with a total value of $6,999,999.66. Following the completion of the transaction, the insider directly owned 3,153,153 shares in the company, valued at $6,999,999.66. This trade represents a ∞ increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Major shareholders that own more than 10% of a company's stock are required to disclose their sales and purchases with the SEC.
International Tower Hill Mines Stock Down 2.9%
Shares of THM stock opened at $2.99 on Friday. The company has a market capitalization of $621.58 million, a price-to-earnings ratio of -149.50 and a beta of 0.71. International Tower Hill Mines Ltd. has a 12-month low of $0.45 and a 12-month high of $3.65. The firm has a fifty day moving average of $2.07 and a 200-day moving average of $1.73.
Institutional Investors Weigh In On International Tower Hill Mines
A number of hedge funds and other institutional investors have recently bought and sold shares of THM. Connor Clark & Lunn Investment Management Ltd. boosted its position in International Tower Hill Mines by 589.1% during the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 120,600 shares of the company's stock worth $104,000 after acquiring an additional 103,100 shares during the last quarter. Citadel Advisors LLC boosted its holdings in International Tower Hill Mines by 1,238.5% during the third quarter. Citadel Advisors LLC now owns 219,307 shares of the company's stock worth $360,000 after purchasing an additional 202,922 shares during the last quarter. Jane Street Group LLC bought a new position in International Tower Hill Mines in the second quarter valued at $77,000. CWA Asset Management Group LLC increased its stake in International Tower Hill Mines by 27.1% in the 4th quarter. CWA Asset Management Group LLC now owns 128,635 shares of the company's stock valued at $239,000 after buying an additional 27,394 shares during the last quarter. Finally, Captrust Financial Advisors bought a new stake in International Tower Hill Mines during the 2nd quarter worth about $69,000. 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. (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.
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