Silver Bow Mining Corp. (NYSEAMERICAN:SBMT) Short Interest Up 93.3% in June

Silver Bow Mining Corp. (NYSEAMERICAN:SBMT) saw a large growth in short interest in the month of June. As of June 15th, there was short interest totaling 70,026 shares, a growth of 93.3% from the May 31st total of 36,226 shares. Based on an average trading volume of 115,772 shares, the days-to-cover ratio is presently 0.6 days.

Silver Bow Mining Stock Up 12.3%

Shares of NYSEAMERICAN:SBMT traded up $0.85 on Thursday, reaching $7.76. 109,296 shares of the company’s stock were exchanged, compared to its average volume of 188,707. The company’s fifty day moving average price is $8.75. Silver Bow Mining has a twelve month low of $5.75 and a twelve month high of $11.23.

Analyst Upgrades and Downgrades

Separately, Cantor Fitzgerald initiated coverage on Silver Bow Mining in a report on Thursday, May 28th. They set a “speculative buy” rating and a $19.80 target price for the company. One research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, Silver Bow Mining has an average rating of “Buy” and a consensus price target of $19.80.

Insider Buying and Selling

In other Silver Bow Mining news, CFO Wade Newton Black purchased 5,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was acquired at an average price of $8.50 per share, with a total value of $42,500.00. Following the acquisition, the chief financial officer directly owned 7,500 shares of the company’s stock, valued at $63,750. This trade represents a 200.00% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Charles Travis Naugle acquired 5,000 shares of Silver Bow Mining stock in a transaction on Thursday, April 30th. The shares were bought at an average cost of $9.88 per share, with a total value of $49,400.00. Following the completion of the transaction, the chief executive officer owned 105,000 shares of the company’s stock, valued at approximately $1,037,400. This trade represents a 5.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders have purchased a total of 20,010 shares of company stock worth $184,461 over the last three months.

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.