International Tower Hill Mines (TSE:ITH) Stock Price Up 14.9% – Here’s Why

International Tower Hill Mines Ltd. (TSE:ITH) (NYSE:THM) rose 14.9% during mid-day trading on Monday . The stock traded as high as C$1.08 and last traded at C$1.08. Approximately 94,706 shares changed hands during trading, an increase of 303% from the average daily volume of 23,483 shares. The stock had previously closed at C$0.94.

International Tower Hill Mines Stock Performance

The company’s 50-day moving average is C$0.74 and its 200-day moving average is C$0.74. The firm has a market cap of C$146.01 million, a price-to-earnings ratio of -43.45 and a beta of 1.17.

Insider Buying and Selling at International Tower Hill Mines

In other International Tower Hill Mines news, insider Electrum Strategic Opportunities Fund II L.P. bought 1,152,091 shares of the business’s stock in a transaction on Thursday, February 27th. The shares were bought at an average cost of C$0.69 per share, for a total transaction of C$796,491.20. Corporate insiders own 0.51% of the company’s stock.

About International Tower Hill Mines

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.