Silver Bow Mining (NYSEAMERICAN:SBMT) Announces Quarterly Earnings Results

Silver Bow Mining (NYSEAMERICAN:SBMT) released its earnings results on Thursday. The company reported ($0.18) earnings per share (EPS) for the quarter, FiscalAI reports.

Silver Bow Mining Trading Down 1.0%

Silver Bow Mining stock traded down $0.07 during midday trading on Thursday, reaching $7.29. 53,293 shares of the company’s stock were exchanged, compared to its average volume of 145,958. The firm has a 50-day moving average price of $7.20. The company has a debt-to-equity ratio of 0.08, a quick ratio of 6.58 and a current ratio of 6.58. Silver Bow Mining has a 52 week low of $5.75 and a 52 week high of $11.23.

Wall Street Analysts Forecast Growth

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

Insider Transactions at Silver Bow Mining

In other Silver Bow Mining news, CFO Wade Newton Black acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, May 26th. The stock was bought at an average cost of $8.50 per share, with a total value of $42,500.00. Following the completion of the transaction, the chief financial officer directly owned 7,500 shares in the company, valued at approximately $63,750. This represents a 200.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders purchased a total of 15,010 shares of company stock valued at $135,061 in the last 90 days.

Hedge Funds Weigh In On Silver Bow Mining

A hedge fund recently bought a new position in Silver Bow Mining stock. Ninepoint Partners LP bought a new position in shares of Silver Bow Mining Corp. (NYSEAMERICAN:SBMT) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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 as of its most recent SEC filing.

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.