Silver Bow Mining Corp. (NYSEAMERICAN:SBMT) Short Interest Up ∞ in May

Silver Bow Mining Corp. (NYSEAMERICAN:SBMT) was the target of a significant increase in short interest in May. As of May 15th, there was short interest totaling 30,868 shares, an increase of ∞ from the April 30th total of 0 shares. Based on an average trading volume of 256,668 shares, the days-to-cover ratio is currently 0.1 days.

Insider Buying and Selling at Silver Bow Mining

In related news, CFO Wade Newton Black bought 5,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The shares were acquired at an average cost of $8.50 per share, with a total value of $42,500.00. Following the completion of the purchase, the chief financial officer directly owned 7,500 shares in the company, valued at $63,750. The trade was a 200.00% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Charles Travis Naugle acquired 5,000 shares of the company’s stock in a transaction on Thursday, April 30th. The stock was acquired at an average cost of $9.88 per share, for a total transaction of $49,400.00. Following the completion of the purchase, the chief executive officer directly owned 105,000 shares of the company’s stock, valued at approximately $1,037,400. This represents a 5.00% increase in their position. The SEC filing for this purchase provides additional information. Over the last three months, insiders have purchased 17,500 shares of company stock worth $160,275.

Silver Bow Mining Trading Down 8.5%

Shares of SBMT stock traded down $0.85 on Monday, hitting $9.15. The stock had a trading volume of 110,261 shares, compared to its average volume of 208,522. Silver Bow Mining has a 12-month low of $8.33 and a 12-month high of $11.23.

Wall Street Analysts Forecast Growth

Separately, Cantor Fitzgerald initiated coverage on shares of Silver Bow Mining in a research note on Thursday. They issued a “speculative buy” rating and a $19.80 price objective on the stock. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the company has an average rating of “Buy” and an average target price of $19.80.

Silver Bow Mining Company Profile

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.