Insider Buying: Silver Bow Mining (NYSEAMERICAN:SBMT) CEO Purchases $12,420.00 in Stock

Silver Bow Mining Corp. (NYSEAMERICAN:SBMT) CEO Charles Travis Naugle acquired 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, September 8th. The stock was bought at an average cost of $8.28 per share, with a total value of $12,420.00. Following the completion of the transaction, the chief executive officer directly owned 115,111 shares in the company, valued at $953,119.08. The trade was a 1.32% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Silver Bow Mining Trading Up 3.3%

SBMT stock opened at $8.16 on Friday. Silver Bow Mining Corp. has a 52 week low of $5.75 and a 52 week high of $11.23. The company has a quick ratio of 26.95, a current ratio of 26.95 and a debt-to-equity ratio of 0.04. The stock has a 50 day moving average of $7.41.

Silver Bow Mining (NYSEAMERICAN:SBMT) last posted its quarterly earnings results on Thursday, August 13th. The company reported ($0.18) earnings per share (EPS) for the quarter.

Analysts Set New Price Targets

Separately, Cantor Fitzgerald assumed coverage on Silver Bow Mining in a research note on Thursday, May 28th. They issued a “speculative buy” rating and a $19.80 target price for the company. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, Silver Bow Mining presently has an average rating of “Buy” and a consensus target price of $19.80.

Institutional Trading of Silver Bow Mining

A hedge fund recently bought a new stake in Silver Bow Mining stock. Ninepoint Partners LP acquired a new stake in Silver Bow Mining Corp. (NYSEAMERICAN:SBMT) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor 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 at the end of the most recent reporting period.

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.