Silver Bow Mining (NYSEAMERICAN:SBMT) CFO Wade Newton Black Purchases 2,500 Shares

Silver Bow Mining Corp. (NYSEAMERICAN:SBMT) CFO Wade Newton Black bought 2,500 shares of Silver Bow Mining stock in a transaction dated Friday, May 29th. The shares were acquired at an average price of $9.69 per share, with a total value of $24,225.00. Following the completion of the purchase, the chief financial officer owned 10,000 shares in the company, valued at approximately $96,900. The trade was a 33.33% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Wade Newton Black also recently made the following trade(s):

• On Tuesday, May 26th, Wade Newton Black bought 5,000 shares of Silver Bow Mining stock. The shares were acquired at an average price of $8.50 per share, with a total value of $42,500.00.
• On Monday, May 18th, Wade Newton Black bought 2,500 shares of Silver Bow Mining stock. The shares were acquired at an average price of $8.83 per share, with a total value of $22,075.00.

Silver Bow Mining Trading Down 7.1%

Shares of Silver Bow Mining stock traded down $0.71 on Monday, hitting $9.30. 58,216 shares of the company’s stock traded hands, compared to its average volume of 205,959. Silver Bow Mining Corp. has a 52-week low of $8.33 and a 52-week high of $11.23.

Analysts Set New Price Targets

Separately, Cantor Fitzgerald began coverage on Silver Bow Mining in a research note on Thursday. They set a “speculative buy” rating and a $19.80 target price for the company. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus 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.