Silver Bow Mining (NYSEAMERICAN:SBMT) CFO Buys $42,500.00 in Stock

Silver Bow Mining Corp. (NYSEAMERICAN:SBMT – Get Free Report) 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 acquired at an average price of $8.50 per share, with a total value of $42,500.00. Following the completion of the acquisition, the chief financial officer directly owned 7,500 shares in the company, valued at $63,750. This represents a 200.00% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Wade Newton Black also recently made the following trade(s):

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• On Monday, May 18th, Wade Newton Black bought 2,500 shares of Silver Bow Mining stock. The stock was purchased at an average cost of $8.83 per share, for a total transaction of $22,075.00.

Silver Bow Mining Stock Performance

Shares of NYSEAMERICAN:SBMT opened at $10.00 on Friday. Silver Bow Mining Corp. has a 52-week low of $8.33 and a 52-week high of $11.23.

Analysts Set New Price Targets

Separately, Cantor Fitzgerald started coverage on Silver Bow Mining in a research report on Thursday. They issued a “speculative buy” rating and a $19.80 target price on the stock. One investment analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $19.80.

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Silver Bow Mining Company Profile

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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.

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