Why did THM's stock price hit a 52-week high?

The stock price of THM (International Tower Hill Mines) hit a 52-week high on July 23, 2025, which can be attributed to several factors: 1. **Company Developments**: International Tower Hill Mines has been actively developing its Livengood Gold Project in Alaska. The company has filed its unaudited first quarter financial results for 2025, which includes a $3.7 million work program for the project. This program focuses on metallurgical studies, environmental data collection, and community engagement, which could be generating positive sentiment among investors. 2. **Private Placement**: THM has completed a $3.9 million non-brokered private placement, issuing shares to existing major shareholders. Such financing activities can enhance the company's financial position and its ability to advance projects, which might be perceived positively by the market. 3. **Market Conditions**: On July 23, 2025, the S&P 500 hit an all-time high, and the Nasdaq posted numerous new highs, indicating a broad market uptrend. This positive market sentiment could have contributed to THM's stock price reaching a 52-week high. In summary, THM's stock price hitting a 52-week high on July 23, 2025, is likely a result of a combination of company developments, financing activities, and favorable market conditions. |code|Ticker|Name|Date|Percentage Change|market_code| |---|---|---|---|---|---| |THM|THM.A|International Tower|20250724|-5.9322|170|