Key Points
- CEO insider buying: Silver Bow Mining CEO Charles Travis Naugle purchased 1,500 shares at $8.28 each, investing $12,420 and increasing his direct holdings by 1.32% to 115,111 shares.
- Analyst outlook remains positive: Cantor Fitzgerald initiated coverage with a “speculative buy” rating and a $19.80 price target; the stock currently has a consensus “Buy” rating.
- Institutional interest increased: Ninepoint Partners acquired 150,000 shares during the second quarter, representing approximately 0.51% of Silver Bow Mining and a stake valued at about $1.01 million.
Silver Bow Mining Corp. (NYSEAMERICAN:SBMT - Get Free Report) CEO Charles Travis Naugle bought 1,500 shares of the business's stock in a transaction dated Tuesday, September 8th. The shares were acquired at an average cost of $8.28 per share, for a total transaction of $12,420.00. Following the transaction, the chief executive officer directly owned 115,111 shares in the company, valued at approximately $953,119.08. This represents a 1.32% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website.
Silver Bow Mining Trading Down 1.5%
Shares of Silver Bow Mining stock opened at $8.05 on Thursday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 26.95 and a current ratio of 26.95. Silver Bow Mining Corp. has a 52 week low of $5.75 and a 52 week high of $11.23. The company has a 50 day moving average of $7.40.
Silver Bow Mining (NYSEAMERICAN:SBMT - Get Free Report) last issued its quarterly earnings data on Thursday, August 13th. The company reported ($0.18) earnings per share for the quarter.
Analyst Ratings Changes
Separately, Cantor Fitzgerald started coverage on Silver Bow Mining in a report on Thursday, May 28th. They issued a "speculative buy" rating and a $19.80 target price for the company. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $19.80.
Read Our Latest Report on Silver Bow Mining
Institutional Trading of Silver Bow Mining
An institutional investor recently bought a new stake in Silver Bow Mining stock. Ninepoint Partners LP acquired a new stake in Silver Bow Mining Corp. (NYSEAMERICAN:SBMT - Free Report) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 150,000 shares of the company's stock, valued at approximately $1,014,000. Ninepoint Partners LP owned 0.51% of Silver Bow Mining as of its most recent filing with the Securities and Exchange Commission (SEC).
About Silver Bow Mining
(
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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