Silver Bow Mining Corp.’s (NYSEAMERICAN:SBMT) Quiet Period Will Expire on June 9th

Silver Bow Mining’s (NYSEAMERICAN:SBMT) quiet period is set to end on Tuesday, June 9th. Silver Bow Mining had issued 5,200,000 shares in its public offering on April 30th. The total size of the offering was $59,800,000 based on an initial share price of $11.50. During Silver Bow Mining’s quiet period, underwriters and any insiders involved in the IPO are restricted from issuing any earnings forecasts or research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Analyst Ratings Changes

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

Silver Bow Mining Price Performance

Shares of SBMT opened at $9.15 on Tuesday. Silver Bow Mining has a 52 week low of $8.33 and a 52 week high of $11.23.

Insider Activity at Silver Bow Mining

In other Silver Bow Mining news, CFO Wade Newton Black bought 5,000 shares of Silver Bow Mining stock in a transaction dated Tuesday, May 26th. The stock was bought at an average cost of $8.50 per share, with a total value of $42,500.00. Following the completion of the acquisition, the chief financial officer directly owned 7,500 shares in the company, valued at approximately $63,750. The trade was a 200.00% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Charles Travis Naugle bought 5,000 shares of Silver Bow Mining stock in a transaction dated Thursday, April 30th. The stock was acquired at an average cost of $9.88 per share, with a total value of $49,400.00. Following the completion of the acquisition, the chief executive officer owned 105,000 shares of the company’s stock, valued at $1,037,400. This represents a 5.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Over the last ninety days, insiders bought 17,500 shares of company stock valued at $160,275.

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.