Silver Bow Mining Corp. (NYSEAMERICAN:SBMT – Get Free Report) saw a large increase in short interest in June. As of June 30th, there was short interest totaling 250,899 shares, an increase of 258.3% from the June 15th total of 70,026 shares. Based on an average trading volume of 243,528 shares, the days-to-cover ratio is presently 1.0 days.
Insider Transactions at Silver Bow Mining
In other news, CFO Wade Newton Black acquired 5,000 shares of Silver Bow Mining stock in a transaction that occurred on Tuesday, May 26th. The stock was purchased at an average cost of $8.50 per share, with a total value of $42,500.00. Following the purchase, the chief financial officer owned 7,500 shares in the company, valued at $63,750. This trade represents a 200.00% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Charles Travis Naugle bought 5,000 shares of Silver Bow Mining stock in a transaction dated Thursday, April 30th. The stock was acquired at an average price of $9.88 per share, with a total value of $49,400.00. Following the completion of the transaction, the chief executive officer directly owned 105,000 shares of the company’s stock, valued at approximately $1,037,400. The trade was a 5.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders have bought 20,010 shares of company stock valued at $184,461 in the last three months.
Wall Street Analysts Forecast Growth
Separately, Cantor Fitzgerald started coverage on Silver Bow Mining in a research report on Thursday, May 28th. They set a “speculative buy” rating and a $19.80 price objective on the stock. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Silver Bow Mining has a consensus rating of “Buy” and a consensus target price of $19.80.
Silver Bow Mining Stock Up 1.3%
NYSEAMERICAN:SBMT traded up $0.08 during trading hours on Tuesday, reaching $6.43. 137,131 shares of the stock were exchanged, compared to its average volume of 176,765. The stock has a 50-day simple moving average of $8.38. Silver Bow Mining has a twelve month low of $5.75 and a twelve month high of $11.23.
Silver Bow Mining Company Profile
Silver Bow Mining Corporation (NYSE American: SBMT) is a mineral exploration and development company focused on acquiring, exploring and advancing mineral properties. The company concentrates on precious and base metals, with an emphasis on commodities commonly produced by hard-rock mining such as copper, silver and gold. Its activities encompass early-stage exploration through the definition and development of mineral resources.
Silver Bow’s work typically includes geological exploration, drilling programs, resource modeling and advancing projects through technical studies and permitting processes necessary for development.
See Also
- Five stocks we like better than Silver Bow Mining
- Why Fastenal’s Latest Drop Could Be Its Biggest Opportunity Yet
- 3 Overlooked Energy ETFs Delivering Strong Returns and Income
- 3 Space Stocks That Could Outshine SpaceX After Its IPO
- JPMorgan’s Q2 Strength Gives the Stock Rally New Support
Receive News & Ratings for Silver Bow Mining Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Silver Bow Mining and related companies with MarketBeat.com's FREE daily email newsletter.
