Key Points
- Silver Bow Mining CFO Wade Newton Black bought 5,000 shares on May 26 at an average price of $8.50, a transaction worth $42,500. After the purchase, he owned 7,500 shares, representing a 200% increase in his holdings.
- Black also bought 2,500 shares on May 18 at $8.83 per share for $22,075, showing continued insider buying activity in the stock.
- Cantor Fitzgerald initiated coverage on Silver Bow Mining with a “speculative buy” rating and a $19.80 price target. The stock recently traded around $8.84, well below that target.
Silver Bow Mining Corp. (NYSEAMERICAN:SBMT - Get Free Report) CFO Wade Newton Black bought 5,000 shares of Silver Bow Mining stock in a transaction dated Tuesday, May 26th. The stock was acquired at an average price of $8.50 per share, for a total transaction of $42,500.00. Following the completion of the acquisition, the chief financial officer owned 7,500 shares in the company, valued at approximately $63,750. The trade was a 200.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.
Wade Newton Black also recently made the following trade(s):
- On Monday, May 18th, Wade Newton Black bought 2,500 shares of Silver Bow Mining stock. The stock was acquired at an average price of $8.83 per share, for a total transaction of $22,075.00.
Silver Bow Mining Price Performance
Silver Bow Mining stock opened at $8.84 on Thursday. Silver Bow Mining Corp. has a twelve month low of $8.33 and a twelve month high of $11.23.
Analyst Ratings Changes
Separately, Cantor Fitzgerald assumed coverage on shares of Silver Bow Mining in a report on Thursday. They issued a "speculative buy" rating and a $19.80 target price on the stock. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of "Buy" and an average price target of $19.80.
Read Our Latest Analysis on SBMT
Silver Bow Mining Company Profile
(
Get Free Report)
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.
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