Here’s Who Just Picked Up New Jersey Mining Co. (OTCMKTS:NJMC) Shares


In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), New Jersey Mining Co (OTCMKTS:NJMC) reported that Swallow John has picked up 18,677,003 of common stock as of 2017-06-12.

The acquisition brings the aggregate amount owned by Swallow John to a total of 18,677,003 representing less than 14.07% stake in the company.

For those not familiar with the company, New Jersey Mining Company is engaged in exploring for and developing gold, silver, and base metal deposits in the Greater Coeur d’Alene Mining District of North Idaho and extending into Western Montana. The Company is evaluating mineral investment and development opportunities in the western United States. The Company is focused on advanced stage exploration and development assets. The Company has a portfolio of mineral properties, including the Golden Chest Mine, the New Jersey Mine and Mill, the McKinley exploration project, the Eastern Star exploration project and the Toboggan exploration project, and other exploration prospects. The New Jersey Mill Joint Venture and GF&H Company are subsidiaries of the Company. The New Jersey Mine is an underground mine and mill complex, which is located approximately four kilometers east of Kellogg, Idaho, in the Coeur d’Alene Mining District. The Toboggan Project consists of the prospects, including Gold Butte and Mineral Ridge.

A glance at New Jersey Mining Co. (OTCMKTS:NJMC) key stats reveals a current market capitalization of 13.34 Million based on 108.89 Million shares outstanding and a price at last close of $0.123 per share.

Looking at insider activity, there are a few transactions worth noting.

Specifically, on 2017-03-28, Swallow picked up 1,000,000 at a purchase price of $0.10. This brings their total holding to 0 as of the date of the filing.

On the sell side, the most recent transaction saw Mine unload 5,000 shares at a sale price of $0.25. This brings their total holding to 8,817,050.

It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on New Jersey Mining Co. (OTCMKTS:NJMC) as things move forward to see if its progress aligns with these transactions.

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