Silver Bow Mining (NYSEAMERICAN:SBMT) Shares Down 0.6% – What’s Next?

Silver Bow Mining Corp. (NYSEAMERICAN:SBMT) dropped 0.6% on Thursday . The company traded as low as $5.75 and last traded at $6.15. Approximately 271,316 shares traded hands during mid-day trading, an increase of 51% from the average daily volume of 179,464 shares. The stock had previously closed at $6.19.

Wall Street Analyst Weigh In

Separately, Cantor Fitzgerald assumed coverage on Silver Bow Mining in a report on Thursday, May 28th. They issued a “speculative buy” rating and a $19.80 price objective on the stock. One investment analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average target price of $19.80.

Silver Bow Mining Stock Down 0.6%

Insider Buying and Selling

In other Silver Bow Mining news, CFO Wade Newton Black bought 5,000 shares of Silver Bow Mining stock in a transaction on Tuesday, May 26th. The shares were bought at an average cost of $8.50 per share, for a total transaction of $42,500.00. Following the acquisition, the chief financial officer directly owned 7,500 shares in the company, valued at $63,750. This represents a 200.00% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Charles Travis Naugle purchased 5,000 shares of the firm’s stock in a transaction on 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 transaction, the chief executive officer directly owned 105,000 shares in the company, valued at $1,037,400. This trade represents a 5.00% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have acquired 20,010 shares of company stock worth $184,461.

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.