Silver Bow Mining (NYSEAMERICAN:SBMT) Shares Up 0.9% – Time to Buy?

Silver Bow Mining Corp. (NYSEAMERICAN:SBMT) rose 0.9% during mid-day trading on Monday . The stock traded as high as $6.74 and last traded at $6.55. 30,668 shares were traded during mid-day trading, a decline of 80% from the average session volume of 153,154 shares. The stock had previously closed at $6.49.

Wall Street Analyst Weigh In

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 on the stock. One analyst has rated the stock with a Buy rating, According to MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus target price of $19.80.

Silver Bow Mining Price Performance

The firm has a 50 day simple moving average of $7.45.

Insiders Place Their Bets

In other Silver Bow Mining news, CFO Wade Newton Black bought 5,000 shares of the firm’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 transaction, the chief financial officer owned 7,500 shares in the company, valued at $63,750. This represents a 200.00% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Over the last ninety days, insiders bought 15,010 shares of company stock valued at $135,061.

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.