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

Silver Bow Mining Corp. (NYSEAMERICAN:SBMT) was the target of a large 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 daily volume of 256,668 shares, the days-to-cover ratio is presently 0.1 days.

Insider Buying and Selling

In other Silver Bow Mining news, CEO Charles Travis Naugle purchased 5,000 shares of the firm’s stock in a transaction on Thursday, April 30th. The stock was purchased at an average cost of $9.88 per share, for a total transaction of $49,400.00. Following the transaction, the chief executive officer owned 105,000 shares in the company, valued at $1,037,400. The trade was a 5.00% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Wade Newton Black purchased 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 completion of the transaction, the chief financial officer owned 7,500 shares in the company, valued at approximately $63,750. This trade represents a 200.00% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Over the last quarter, insiders have purchased 17,500 shares of company stock valued at $160,275.

Wall Street Analysts Forecast Growth

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

Silver Bow Mining Price Performance

NYSEAMERICAN SBMT traded down $0.85 on Monday, hitting $9.15. 110,261 shares of the company were exchanged, 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.

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.