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Stock impact report

Assessing International Tower Hill Mines (TSX:ITH) Valuation After Recent Equity Raises And Institutional Backing [Yahoo! Finance]

International Tower Hill Mines, Ltd. Ordinary Shares (Canada) (THM) 
NASDAQ:AMEX Investor Relations: ithmines.com
Company Research Source: Yahoo! Finance
International Tower Hill Mines (TSX:ITH) has raised fresh capital through recent follow on equity offerings and private placements, including funding from Paulson & Co. Inc. This has put the company's balance sheet and dilution front and center for investors. See our latest analysis for International Tower Hill Mines. Those capital raises have coincided with a sharp swing in trading, with the CA$4.15 share price sitting well above the recent equity issue price and backed by a 62.11% 30 day share price return and a very large 1 year total shareholder return. Together these figures suggest sentiment has been improving rather than fading. If this kind of renewed interest has you looking beyond a single name, it could be a good moment to broaden your search with fast growing stocks with high insider ownership With the shares now trading around CA$4.15 after equity issued at CA$2.22, the key question is whether the market has moved too far, too fast, or if there is still unpriced Show less Read more
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