Silver Bow Mining (NYSEAMERICAN:SBMT) CFO Acquires $24,225.00 in Stock

Silver Bow Mining Corp. (NYSEAMERICAN:SBMT) CFO Wade Newton Black purchased 2,500 shares of the firm’s stock in a transaction that occurred on Friday, May 29th. The shares were bought at an average price of $9.69 per share, for a total transaction of $24,225.00. Following the acquisition, the chief financial officer directly owned 10,000 shares in the company, valued at $96,900. This trade represents a 33.33% increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at this link.

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

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

Silver Bow Mining Trading Down 3.2%

NYSEAMERICAN:SBMT opened at $9.05 on Thursday. Silver Bow Mining Corp. has a fifty-two week low of $8.33 and a fifty-two week high of $11.23.

Wall Street Analyst Weigh In

Separately, Cantor Fitzgerald initiated coverage on Silver Bow Mining in a report on Thursday, May 28th. They set a “speculative buy” rating and a $19.80 price target on the stock. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and a consensus 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.