Insider Buying: Sabina Gold & Silver (SBB) Insider Buys 16,600 Shares of Stock

Sabina Gold & Silver (TSE:SBB) insider Dundee Precious Metals Inc. bought 16,600 shares of the company’s stock in a transaction that occurred on Wednesday, May 16th. The shares were purchased at an average cost of C$1.60 per share, for a total transaction of C$26,560.00.

TSE:SBB traded up C$0.04 during midday trading on Friday, hitting C$1.74. 112,875 shares of the stock were exchanged, compared to its average volume of 305,263. Sabina Gold & Silver has a one year low of C$1.48 and a one year high of C$2.70.

Sabina Gold & Silver (TSE:SBB) last posted its quarterly earnings results on Tuesday, March 13th. The company reported C($0.01) earnings per share (EPS) for the quarter.

Several equities research analysts recently commented on SBB shares. TD Securities dropped their target price on Sabina Gold & Silver from C$3.25 to C$3.00 and set a “speculative buy” rating on the stock in a report on Wednesday, March 14th. National Bank Financial reissued an “outperform spec overweight” rating on shares of Sabina Gold & Silver in a report on Sunday, April 1st.

About Sabina Gold & Silver

Sabina Gold & Silver Corp., a precious metals company, engages in the acquisition, exploration, and development of mineral resource properties in Canada. The company primarily holds 100% interest in the Back River gold project, which covers an area of approximately 55,000 hectares located in southwestern Nunavut, Canada; and silver royalty on the Hackett River project covering an area of approximately 13,000 hectares located in Nunavut, Canada.

Insider Buying and Selling by Quarter for Sabina Gold & Silver (TSE:SBB)

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