Silver Bow Mining (NYSEAMERICAN:SBMT) CFO Wade Newton Black Buys 5,000 Shares of Stock

Silver Bow Mining Corp. (NYSEAMERICAN:SBMT) CFO Wade Newton Black purchased 5,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The shares were acquired at an average cost of $8.50 per share, for a total transaction of $42,500.00. Following the completion of the acquisition, the chief financial officer owned 7,500 shares of the company’s stock, valued at approximately $63,750. This trade represents a 200.00% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

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

Silver Bow Mining Stock Up 4.4%

NYSEAMERICAN:SBMT opened at $8.84 on Thursday. Silver Bow Mining Corp. has a 52 week low of $8.33 and a 52 week high of $11.23.

Analyst Ratings Changes

Separately, Cantor Fitzgerald started coverage on shares of Silver Bow Mining in a research note on Thursday. They issued a “speculative buy” rating and a $19.80 price target on the stock. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, Silver Bow Mining has an average 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.