Silver Bow Mining (NYSEAMERICAN:SBMT) Posts Earnings Results

Silver Bow Mining (NYSEAMERICAN:SBMT) announced its earnings results on Thursday. The company reported ($0.18) earnings per share (EPS) for the quarter, FiscalAI reports.

Silver Bow Mining Stock Up 6.0%

NYSEAMERICAN:SBMT traded up $0.44 during trading hours on Friday, reaching $7.73. 65,929 shares of the company traded hands, compared to its average volume of 144,809. Silver Bow Mining has a 1 year low of $5.75 and a 1 year high of $11.23. The firm has a 50-day moving average price of $7.17. The company has a current ratio of 6.58, a quick ratio of 6.58 and a debt-to-equity ratio of 0.08.

Insider Activity

In other news, CFO Wade Newton Black purchased 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 26th. The shares were bought at an average price of $8.50 per share, for a total transaction of $42,500.00. Following the purchase, the chief financial officer directly owned 7,500 shares in the company, valued at approximately $63,750. This trade represents a 200.00% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Over the last ninety days, insiders bought 15,010 shares of company stock valued at $135,061.

Institutional Investors Weigh In On Silver Bow Mining

A hedge fund recently bought a new stake in Silver Bow Mining stock. Ninepoint Partners LP acquired a new position in Silver Bow Mining Corp. (NYSEAMERICAN:SBMT) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 150,000 shares of the company’s stock, valued at approximately $1,014,000. Ninepoint Partners LP owned about 0.51% of Silver Bow Mining as of its most recent SEC filing.

Wall Street Analyst Weigh In

Separately, Cantor Fitzgerald began 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 for the company. One analyst has rated the stock with a Buy rating, According to data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $19.80.

About Silver Bow Mining

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.