Insider Buying: Silver Bow Mining (NYSEAMERICAN:SBMT) CEO Purchases $12,420.00 in Stock

Key Points

• CEO Charles Travis Naugle bought 1,500 Silver Bow Mining shares at an average price of $8.28, investing $12,420 and increasing his stake by 1.32% to 115,111 shares.
• Silver Bow Mining shares fell 1.5% to $8.05, while the company reported a quarterly loss of $0.18 per share. The stock has traded between $5.75 and $11.23 over the past year.
• Analyst Cantor Fitzgerald initiated coverage with a “speculative buy” rating and a $19.80 price target; Ninepoint Partners also acquired 150,000 shares, valued at approximately $1.0 million.

Silver Bow Mining Corp. (NYSEAMERICAN:SBMT - Get Free Report) CEO Charles Travis Naugle bought 1,500 shares of the firm's stock in a transaction that occurred on Tuesday, September 8th. The shares were purchased at an average price of $8.28 per share, for a total transaction of $12,420.00. Following the transaction, the chief executive officer owned 115,111 shares of the company's stock, valued at $953,119.08. The trade was a 1.32% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Silver Bow Mining Trading Down 1.5%

Shares of Silver Bow Mining stock traded down $0.12 during trading hours on Wednesday, reaching $8.05. 67,212 shares of the company's stock were exchanged, compared to its average volume of 135,203. Silver Bow Mining Corp. has a 52-week low of $5.75 and a 52-week high of $11.23. The company's fifty day moving average is $7.37. The company has a quick ratio of 26.95, a current ratio of 26.95 and a debt-to-equity ratio of 0.04.

Silver Bow Mining (NYSEAMERICAN:SBMT - Get Free Report) last announced its quarterly earnings data on Thursday, August 13th. The company reported ($0.18) EPS for the quarter.

Analysts Set New Price Targets

Separately, Cantor Fitzgerald assumed coverage on shares of Silver Bow Mining in a report on Thursday, May 28th. They set a "speculative buy" rating and a $19.80 price target for the company. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company has an average rating of "Buy" and an average price target of $19.80.

Institutional Trading of Silver Bow Mining

A hedge fund recently bought a new stake in Silver Bow Mining stock. Ninepoint Partners LP bought a new position in Silver Bow Mining Corp. (NYSEAMERICAN:SBMT - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 150,000 shares of the company's stock, valued at approximately $1,014,000. Ninepoint Partners LP owned approximately 0.51% of Silver Bow Mining at the end of the most recent quarter.

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.

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