International Tower Hill Mines (NYSE:THM) Major Shareholder Global Holdings L.P. Electrum Acquires 3,153,153 Shares

International Tower Hill Mines Ltd. (NYSE:THM) major shareholder Global Holdings L.P. Electrum purchased 3,153,153 shares of International Tower Hill Mines stock in a transaction that occurred on Tuesday, January 27th. The shares were acquired at an average price of $2.22 per share, for a total transaction of $6,999,999.66. Following the acquisition, the insider owned 3,153,153 shares in the company, valued at $6,999,999.66. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

International Tower Hill Mines Stock Performance

Shares of International Tower Hill Mines stock traded down $0.09 during midday trading on Thursday, reaching $2.99. 3,706,767 shares of the company’s stock traded hands, compared to its average volume of 2,128,229. The company has a market cap of $621.58 million, a PE ratio of -149.50 and a beta of 0.71. The stock has a 50 day moving average of $2.04 and a 200-day moving average of $1.72. International Tower Hill Mines Ltd. has a 12 month low of $0.45 and a 12 month high of $3.65.

Institutional Trading of International Tower Hill Mines

Several large investors have recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. raised its position in shares of International Tower Hill Mines by 589.1% in the 2nd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 120,600 shares of the company’s stock worth $104,000 after acquiring an additional 103,100 shares in the last quarter. Citadel Advisors LLC boosted its position in shares of International Tower Hill Mines by 1,238.5% during the third quarter. Citadel Advisors LLC now owns 219,307 shares of the company’s stock valued at $360,000 after purchasing an additional 202,922 shares in the last quarter. Jane Street Group LLC purchased a new stake in International Tower Hill Mines in the second quarter worth $77,000. CWA Asset Management Group LLC raised its holdings in International Tower Hill Mines by 27.1% in the fourth quarter. CWA Asset Management Group LLC now owns 128,635 shares of the company’s stock worth $239,000 after purchasing an additional 27,394 shares in the last quarter. Finally, Captrust Financial Advisors bought a new position in International Tower Hill Mines in the second quarter worth $69,000. 54.63% of the stock is owned by institutional investors.

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.