Here’s Who Just Picked Up Athena Silver Corp (OTCMKTS:AHNR) Shares


Silver mining is picking up in line with the price of precious metals rising, and this is translating to a lot of activity in the space. Here’s the latest buyer for Athena, and what it means from a capital structure perspective. We’ve also takena  look at the recent insider buys and sells.

In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Athena Silver Corp (OTCMKTS:AHNR) reported that Gibbs John D has picked up 16,726,124 of common stock as of 2017-01-11.

The acquisition brings the aggregate amount owned by Gibbs John D. to a total of 16,726,124 representing a 46.20% stake in the company.

For those not familiar with the company, Athena Silver Corporation is an exploration-stage company. The Company is engaged in the acquisition and exploration of mineral resources. It is focused on evaluation of the Langtry Property, including the acquisition of additional mineral rights and additional exploration, development and permitting activities. The Langtry Property is located in the Calico Mining District, San Bernardino County, California. The Langtry Project covers approximately 1,200 acres and consists of over 20 lode mining claims and over 40 lode mining claims. The Lease/Option also includes over two mining claims in the Calico Mining District known as the Lilly #10 and Quad Deuce XIII. It has approximately 160 acres of land (Castle Rock), which is located in the eastern Calico Mining District, San Bernardino County, California.

A glance at Athena Silver Corp (OTCMKTS:AHNR)’s key stats reveals a current market capitalization of 3.33 million based on 36.20 million shares outstanding and a price at last close of $0.0920 per share.

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

Specifically, on 2016-12-28, Gibbs picked up 5,000 at a purchase price of $0.09. This brings their total holding to 11,561,124 as of the date of the filing.

On the sell side, the most recent transaction saw Neuman unload 100,000 shares at a sale price of $0.40. This brings their total holding to 3,223,523.

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 Athena Silver Corp (OTCMKTS:AHNR) as things move forward to see if its progress aligns with these transactions.

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