Silver Bow Mining (NYSEAMERICAN:SBMT) CEO Buys $24,100.00 in Stock

Silver Bow Mining Corp. (NYSEAMERICAN:SBMT) CEO Charles Travis Naugle bought 2,500 shares of Silver Bow Mining stock in a transaction that occurred on Friday, May 29th. The stock was bought at an average price of $9.64 per share, with a total value of $24,100.00. Following the purchase, the chief executive officer owned 110,000 shares of the company’s stock, valued at $1,060,400. This trade represents a 2.33% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink.

Charles Travis Naugle also recently made the following trade(s):

• On Monday, May 18th, Charles Travis Naugle bought 2,500 shares of Silver Bow Mining stock. The stock was bought at an average price of $8.83 per share, with a total value of $22,075.00.
• On Thursday, April 30th, Charles Travis Naugle bought 5,000 shares of Silver Bow Mining stock. The stock was bought at an average price of $9.88 per share, with a total value of $49,400.00.

Silver Bow Mining Trading Up 1.1%

Shares of NYSEAMERICAN SBMT traded up $0.10 during mid-day trading on Tuesday, hitting $9.25. The company had a trading volume of 110,261 shares, compared to its average volume of 208,522. Silver Bow Mining Corp. has a 12 month low of $8.33 and a 12 month high of $11.23.

Analysts Set New Price Targets

Separately, Cantor Fitzgerald began coverage on shares of 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 research analyst has rated the stock with a Buy rating, According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and an average price target of $19.80.

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.