Ninepoint Partners LP Makes New $1.01 Million Investment in Silver Bow Mining Corp. $SBMT

Ninepoint Partners LP bought a new stake in shares of Silver Bow Mining Corp. (NYSEAMERICAN:SBMT) in the second quarter, Holdings Channel reports. The fund bought 150,000 shares of the company’s stock, valued at approximately $1,014,000.

Silver Bow Mining Price Performance

Shares of SBMT stock opened at $7.95 on Friday. The firm’s fifty day simple moving average is $7.15. The company has a current ratio of 26.95, a quick ratio of 26.95 and a debt-to-equity ratio of 0.04. Silver Bow Mining Corp. has a 1 year low of $5.75 and a 1 year high of $11.23.

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

Insider Buying and Selling

In related news, CFO Wade Newton Black bought 5,000 shares of the business’s stock in a transaction on Tuesday, May 26th. The stock was acquired at an average price of $8.50 per share, for a total transaction of $42,500.00. Following the purchase, the chief financial officer directly owned 7,500 shares in the company, valued at $63,750. This trade represents a 200.00% 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. In the last ninety days, insiders bought 10,000 shares of company stock valued at $90,825.

Analysts Set New Price Targets

Separately, Cantor Fitzgerald began coverage on shares of Silver Bow Mining in a report on Thursday, May 28th. They issued 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 data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus target price of $19.80.

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.