Key Points
- Silver Bow Mining CEO Charles Travis Naugle bought 2,500 shares on May 29 at an average price of $9.64, spending $24,100. The purchase lifted his holdings to 110,000 shares, worth about $1.06 million.
- Naugle has been actively buying shares recently, including 2,500 shares on May 18 and 5,000 shares on April 30. The recent transactions suggest continued insider confidence in the company.
- Cantor Fitzgerald initiated coverage on Silver Bow Mining with a speculative buy rating and a $19.80 price target. The stock opened at $9.35, well below that target.
Silver Bow Mining Corp. (NYSEAMERICAN:SBMT - Get Free Report) CEO Charles Travis Naugle bought 2,500 shares of the stock in a transaction dated Friday, May 29th. The shares were acquired at an average price of $9.64 per share, for a total transaction of $24,100.00. Following the completion of the transaction, the chief executive officer owned 110,000 shares of the company's stock, valued at approximately $1,060,400. The trade was a 2.33% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.
Charles Travis Naugle also recently made the following trade(s):
- On Monday, May 18th, Charles Travis Naugle bought 2,500 shares of Silver Bow Mining stock. The shares were acquired at an average price of $8.83 per share, for a total transaction of $22,075.00.
- On Thursday, April 30th, Charles Travis Naugle bought 5,000 shares of Silver Bow Mining stock. The shares were acquired at an average price of $9.88 per share, for a total transaction of $49,400.00.
Silver Bow Mining Price Performance
Shares of SBMT opened at $9.35 on Wednesday. Silver Bow Mining Corp. has a 12-month low of $8.33 and a 12-month high of $11.23.
Wall Street Analyst Weigh In
Separately, Cantor Fitzgerald started coverage on shares of Silver Bow Mining in a research report on Thursday, May 28th. They set a "speculative buy" rating and a $19.80 target price on the stock. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average target price of $19.80.
Check Out Our Latest Research Report on Silver Bow Mining
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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