Silver Bow Mining Corp. (NYSEAMERICAN:SBMT) Short Interest Update

Silver Bow Mining Corp. (NYSEAMERICAN:SBMT) was the target of a large increase in short interest in the month of June. As of June 30th, there was short interest totaling 250,899 shares, an increase of 258.3% from the June 15th total of 70,026 shares. Based on an average daily trading volume, of 243,528 shares, the short-interest ratio is presently 1.0 days.

Silver Bow Mining Stock Performance

Shares of NYSEAMERICAN SBMT opened at $6.60 on Monday. The stock has a 50 day moving average price of $8.47. Silver Bow Mining has a 52-week low of $5.75 and a 52-week high of $11.23.

Insider Activity at Silver Bow Mining

In other Silver Bow Mining news, CFO Wade Newton Black purchased 5,000 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was purchased at an average cost of $8.50 per share, for a total transaction of $42,500.00. Following the transaction, the chief financial officer owned 7,500 shares in the company, valued at $63,750. The trade was a 200.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Charles Travis Naugle purchased 5,000 shares of the company’s stock in a transaction dated Thursday, April 30th. The shares were acquired at an average cost of $9.88 per share, with a total value of $49,400.00. Following the purchase, the chief executive officer directly owned 105,000 shares of the company’s stock, valued at approximately $1,037,400. The trade was a 5.00% increase in their position. The disclosure for this purchase is available in the SEC filing. Over the last quarter, insiders have purchased 20,010 shares of company stock worth $184,461.

Analysts Set New Price Targets

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