Short Interest in Silver Bow Mining Corp. (NYSEAMERICAN:SBMT) Increases By ?

Silver Bow Mining Corp. (NYSEAMERICAN:SBMT) was the target of a significant increase in short interest in the month of 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 trading volume of 256,668 shares, the short-interest ratio is currently 0.1 days.

Wall Street Analysts Forecast Growth

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 equities research analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has a consensus rating of “Buy” and a consensus target price of $19.80.

Insider Activity

In related news, CFO Wade Newton Black acquired 5,000 shares of the stock in a transaction on Tuesday, May 26th. The shares were 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. The trade was a 200.00% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Charles Travis Naugle purchased 5,000 shares of the stock in a transaction dated Thursday, April 30th. The stock was acquired 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 of the company’s stock, valued at approximately $1,037,400. This trade represents a 5.00% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. In the last ninety days, insiders acquired 20,000 shares of company stock worth $184,375.

Silver Bow Mining Price Performance

SBMT stock traded down $0.36 during midday trading on Wednesday, reaching $8.99. The company had a trading volume of 40,844 shares, compared to its average volume of 193,448. Silver Bow Mining has a 1 year low of $8.33 and a 1 year high of $11.23.

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.