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

International Tower Hill Mines Ltd. (TSE:ITH) (NYSE:THM)’s share price rose 14.9% during mid-day trading on Monday . The company traded as high as C$1.08 and last traded at C$1.08. Approximately 94,706 shares were traded 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 has a market capitalization of C$146.01 million, a price-to-earnings ratio of -43.45 and a beta of 1.17. The business’s 50-day simple moving average is C$0.74 and its 200-day simple moving average is C$0.74.

Insider Activity at International Tower Hill Mines

In other news, insider Electrum Strategic Opportunities Fund II L.P. purchased 1,152,091 shares of the business’s stock in a transaction that occurred on Thursday, February 27th. The shares were acquired at an average cost of C$0.69 per share, for a total transaction of C$796,491.20. 0.51% of the stock is currently owned by corporate insiders.

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.