Hemenway Trust Co LLC Purchases New Position in International Tower Hill Mines Ltd. (NYSE:THM)

Hemenway Trust Co LLC acquired a new position in International Tower Hill Mines Ltd. (NYSE:THM) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 83,400 shares of the company’s stock, valued at approximately $38,000.

Insider Activity at International Tower Hill Mines

In related news, major shareholder Strategic Opportuniti Electrum acquired 1,152,091 shares of the stock in a transaction on Thursday, February 27th. The shares were bought at an average price of $0.48 per share, with a total value of $553,003.68. Following the completion of the purchase, the insider now owns 28,765,672 shares of the company’s stock, valued at approximately $13,807,522.56. This represents a 4.17 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.46% of the stock is owned by corporate insiders.

International Tower Hill Mines Stock Performance

Shares of International Tower Hill Mines stock opened at $0.48 on Friday. International Tower Hill Mines Ltd. has a fifty-two week low of $0.40 and a fifty-two week high of $0.80. The firm has a market capitalization of $99.78 million, a P/E ratio of -24.00 and a beta of 0.79. The stock has a 50-day moving average price of $0.55.

Analyst Upgrades and Downgrades

Separately, StockNews.com started coverage on shares of International Tower Hill Mines in a research note on Saturday. They issued a “sell” rating for the company.

International Tower Hill Mines 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.