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

International Tower Hill Mines Ltd. (NYSE:THM) shares fell 5.6% on Thursday . The company traded as low as $1.62 and last traded at $1.67. 687,461 shares traded hands during mid-day 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 Stock Performance

The stock has a market cap of $347.17 million, a PE ratio of -83.50 and a beta of 0.54. The stock has a 50 day moving average of $1.41 and a two-hundred day moving average of $1.01.

Institutional Investors Weigh In On International Tower Hill Mines

A number of institutional investors have recently bought and sold shares of the business. Paulson & CO. Inc. boosted its position in International Tower Hill Mines by 9.4% during the 1st quarter. Paulson & CO. Inc. now owns 70,239,388 shares of the company’s stock worth $44,391,000 after acquiring an additional 6,040,408 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in shares of 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 valued at $104,000 after buying an additional 103,100 shares during the last quarter. Northern Trust Corp acquired a new stake in shares of International Tower Hill Mines during the 4th quarter valued at about $46,000. Jane Street Group LLC acquired a new stake in shares of International Tower Hill Mines during the 2nd quarter valued at about $77,000. Finally, Virtu Financial LLC lifted its holdings in shares of International Tower Hill Mines by 199.7% during the 1st quarter. Virtu Financial LLC now owns 85,261 shares of the company’s stock valued at $54,000 after buying an additional 56,814 shares during the last quarter. 54.63% of the stock is currently owned by institutional investors and hedge funds.

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.