Charles Travis Naugle Purchases 1,500 Shares of Silver Bow Mining (NYSEAMERICAN:SBMT) Stock

Silver Bow Mining Corp. (NYSEAMERICAN:SBMT) CEO Charles Travis Naugle bought 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 8th. The shares were bought at an average price of $8.28 per share, with a total value of $12,420.00. Following the transaction, the chief executive officer directly owned 115,111 shares in the company, valued at $953,119.08. This trade represents a 1.32% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

Silver Bow Mining Price Performance

Shares of SBMT opened at $7.90 on Friday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 26.95 and a current ratio of 26.95. The stock has a 50 day simple moving average of $7.40. Silver Bow Mining Corp. has a one year low of $5.75 and a one year high of $11.23.

Silver Bow Mining (NYSEAMERICAN:SBMT) last released its quarterly earnings results on Thursday, August 13th. The company reported ($0.18) EPS for the quarter.

Analysts Set New Price Targets

Separately, Cantor Fitzgerald started coverage on Silver Bow Mining in a research note on Thursday, May 28th. They set a “speculative buy” rating and a $19.80 price objective on the stock. One analyst has rated the stock with a Buy rating, According to MarketBeat.com, the company currently has an average rating of “Buy” and an average target price of $19.80.

Institutional Trading of Silver Bow Mining

An institutional investor recently bought a new stake in Silver Bow Mining stock. Ninepoint Partners LP bought a new stake in Silver Bow Mining Corp. (NYSEAMERICAN:SBMT) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 150,000 shares of the company’s stock, valued at approximately $1,014,000. Ninepoint Partners LP owned about 0.51% of Silver Bow Mining as of its most recent SEC filing.

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.