International Tower Hill Mines (NYSEAMERICAN:THM) Stock Crosses Below 50-Day Moving Average of $0.55

International Tower Hill Mines Ltd. (NYSEAMERICAN:THM – Get Rating) (TSE:ITH) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $0.55 and traded as low as $0.48. International Tower Hill Mines shares last traded at $0.48, with a volume of 18,906 shares trading hands.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on International Tower Hill Mines in a research report on Wednesday. They set a “sell” rating on the stock.

International Tower Hill Mines Stock Performance

The business has a 50 day simple moving average of $0.54 and a 200-day simple moving average of $0.53. The stock has a market capitalization of $95.50 million, a P/E ratio of -24.50 and a beta of 0.70.

Institutional Investors Weigh In On International Tower Hill Mines

An institutional investor recently raised its position in International Tower Hill Mines stock. Virtu Financial LLC lifted its holdings in International Tower Hill Mines Ltd. (NYSEAMERICAN:THM – Get Rating) (TSE:ITH) by 314.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 61,808 shares of the mining company’s stock after buying an additional 46,910 shares during the period. Virtu Financial LLC’s holdings in International Tower Hill Mines were worth $26,000 as of its most recent SEC filing. Institutional investors own 55.34% of the company’s stock.

International Tower Hill Mines Company Profile

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International Tower Hill Mines Ltd. is a mineral exploration company, which engages in the acquisition and exploration of mineral properties. It holds the right to acquire interest in an advanced stage exploration project in Alaska, known as the Livengood Gold Project. The company was founded by Jeffrey A.