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

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

Silver Bow Mining Stock Performance

Shares of NYSEAMERICAN SBMT traded up $0.71 during trading on Friday, reaching $8.00. 109,210 shares of the company traded hands, compared to its average volume of 73,191. The firm’s 50 day moving average price is $7.16. Silver Bow Mining has a 52-week low of $5.75 and a 52-week high of $11.23. The company has a quick ratio of 6.58, a current ratio of 6.58 and a debt-to-equity ratio of 0.08.

Insider Buying and Selling at Silver Bow Mining

In related news, CFO Wade Newton Black acquired 5,000 shares of the firm’s stock in a transaction dated Tuesday, May 26th. The stock was purchased at an average cost of $8.50 per share, with a total value of $42,500.00. Following the completion of the acquisition, the chief financial officer directly owned 7,500 shares of the company’s stock, valued at approximately $63,750. This trade represents a 200.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have purchased 15,010 shares of company stock worth $135,061 over the last three months.

Institutional Investors Weigh In On Silver Bow Mining

An institutional investor recently bought a new stake in Silver Bow Mining stock. Ninepoint Partners LP bought a new stake in shares of Silver Bow Mining Corp. (NYSEAMERICAN:SBMT) in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 150,000 shares of the company’s stock, valued at approximately $1,014,000. Ninepoint Partners LP owned about 0.51% of Silver Bow Mining at the end of the most recent quarter.

Analysts Set New Price Targets

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