International Tower Hill Mines (TSE:ITH) Stock Price Crosses Above 50-Day Moving Average – What’s Next?

International Tower Hill Mines Ltd. (TSE:ITH) (NYSE:THM)’s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of C$0.70 and traded as high as C$0.95. International Tower Hill Mines shares last traded at C$0.91, with a volume of 83,260 shares.

International Tower Hill Mines Price Performance

The company’s 50 day simple moving average is C$0.70 and its 200 day simple moving average is C$0.73. The firm has a market cap of C$127.76 million, a price-to-earnings ratio of -38.02 and a beta of 1.17.

Insiders Place Their Bets

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

International Tower Hill Mines Company Profile

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.