Why Investing In International Tower Hill Mines Ltd (AMEX:THM) Now May Be A Good Investment

International Tower Hill Mines Ltd (AMEX:THM) traded at $0.51 at close of the session on current trade day and made a downward move of -1.06% on its previous day’s price.

Looking at the stock we see that its previous close was $0.52 and the beta (5Y monthly) reads 1.161 with the day’s price range being $0.5011 – $0.52. In terms of its 52-week price range, THM has a high of $0.80 and a low of $0.31. The company’s stock has gained about 16.57% over that past 30 days.

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International Tower Hill Mines Ltd has a market cap of $102.42 million and is expected to release its quarterly earnings report in October.

On the other hand, looking at the outlook for the THM stock, short term indicators assign the stock an average of 50% Sell, while medium term indicators assign it an average of 50% Sell.

Looking further, we note the current price level is 7.79% off its SMA20 and 6.75% from its 50-day simple moving average. The RSI (14) is pointing at 55.96 while the volatility over the past week is 6.24% and jumps to 7.12% over the past one month. The beta value is 1.18, while the average true range (ATR) is currently pointing at 0.03.

Coming back to International Tower Hill Mines Ltd (AMEX:THM), we note that the average 3-month trading volume was 123.00K, while that of the preceding 10-day period stands at 0.18 million. Current shares outstanding are 195.89 million.

The insiders hold 14.34% of the company’s shares while institutions hold 55.61%. The data shows that short shares as of 2024-08-15, stood at 0.17 million at a short ratio of 1.54. This represents a 21.00 short interest in shares outstanding on 2024-08-15. Shares short rose in August from the previous month at 0.17 million. Investors should be excited about this stock as its upside potential is great, with current price pushing the stock -12.32% down in year-to-date price movement.

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