Silver Bow Mining (NYSEAMERICAN:SBMT) CFO Wade Newton Black Acquires 2,500 Shares

Silver Bow Mining Corp. (NYSEAMERICAN:SBMT) CFO Wade Newton Black acquired 2,500 shares of Silver Bow Mining stock in a transaction on Friday, May 29th. The shares were purchased at an average cost of $9.69 per share, with a total value of $24,225.00. Following the completion of the acquisition, the chief financial officer owned 10,000 shares of the company’s stock, valued at $96,900. This trade represents a 33.33% increase in their position. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website.

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

• On Tuesday, May 26th, Wade Newton Black acquired 5,000 shares of Silver Bow Mining stock. The shares were purchased at an average cost of $8.50 per share, with a total value of $42,500.00.
• On Monday, May 18th, Wade Newton Black acquired 2,500 shares of Silver Bow Mining stock. The shares were purchased at an average cost of $8.83 per share, with a total value of $22,075.00.

Silver Bow Mining Stock Performance

Shares of NYSEAMERICAN SBMT opened at $9.15 on Tuesday. Silver Bow Mining Corp. has a 1-year low of $8.33 and a 1-year high of $11.23.

Analysts Set New Price Targets

Separately, Cantor Fitzgerald started coverage on Silver Bow Mining in a report on Thursday, May 28th. They issued a “speculative buy” rating and a $19.80 price target for the company. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus 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.