International Tower Hill Mines (NYSE:THM) Trading Down 6.2% – Time to Sell?

International Tower Hill Mines Ltd. (NYSE:THM)’s share price was down 6.2% during trading on Thursday . The stock traded as low as $2.64 and last traded at $2.6250. 101,367 shares changed hands during trading, a decline of 93% from the average session volume of 1,450,364 shares. The stock had previously closed at $2.80.

International Tower Hill Mines Stock Down 7.0%

The firm has a 50 day moving average of $2.14 and a 200 day moving average of $2.42. The firm has a market cap of $681.56 million, a price-to-earnings ratio of -130.25 and a beta of 0.96.

Hedge Funds Weigh In On International Tower Hill Mines

Institutional investors and hedge funds have recently made changes to their positions in the stock. StoneX Group Inc. increased its holdings in shares of International Tower Hill Mines by 43.3% during 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 in the last quarter. Ketron Financial acquired a new position in shares of International Tower Hill Mines during the fourth quarter worth approximately $28,000. XTX Topco Ltd lifted its holdings in shares of International Tower Hill Mines by 26.5% in the 4th quarter. XTX Topco Ltd now owns 96,539 shares of the company’s stock worth $180,000 after purchasing an additional 20,208 shares in the last quarter. Tudor Investment Corp ET AL bought a new position in shares of International Tower Hill Mines in the 4th quarter worth $41,000. Finally, WINTON GROUP Ltd acquired a new stake in International Tower Hill Mines in the 4th quarter valued at $68,000. 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.