Summit Midstream (SMC) directors buy shares worth $549k

Published 02/09/2025, 23:38
Summit Midstream (SMC) directors buy shares worth $549k

Directors and 10% owners Connect Midstream, LLC, Tailwater Energy Fund III LP, Tailwater Capital LLC, Downie Jason H and Herring Edward reported purchasing 26,319 shares of Summit Midstream Corp (NASDAQ:SMC) on August 28, 2025. The $238 million market cap company, currently rated ’FAIR’ by InvestingPro’s comprehensive health scoring system, has seen its stock decline 50% over the past six months. The shares were bought at prices ranging from $20.43 to $21.01, with an average price of $20.89, totaling approximately $549,803.

Following the transaction, Connect Midstream, LLC directly holds 146,479 shares of Summit Midstream Corp.

In other recent news, Sulliden Mining Capital Inc. has announced the acquisition of a 48% interest in a mining exploration project located in Poland. This project includes two concessions: the Szklary nickel laterite deposit and the Dabrowka site. The Szklary deposit is situated about 50 kilometers south of Wroclaw, while the Dabrowka site is located 25 kilometers north of Katowice. These developments mark a significant expansion of Sulliden’s portfolio in the region. The acquisition was made through the purchase of shares in Ferrite Resources Polska sp. z o.o. This move reflects Sulliden’s strategic interest in nickel, zinc, and lead resources. No further financial details of the acquisition were disclosed.

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