Bridgeway Capital Management LLC Buys Shares of 20,000 Contango Ore, Inc. (NYSEAMERICAN:CTGO)

Bridgeway Capital Management LLC bought a new stake in Contango Ore, Inc. (NYSEAMERICAN:CTGO - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 20,000 shares of the company's stock, valued at approximately $200,000. Bridgeway Capital Management LLC owned approximately 0.16% of Contango Ore as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its stake in Contango Ore by 32.0% during the third quarter. JPMorgan Chase & Co. now owns 4,657 shares of the company's stock worth $90,000 after purchasing an additional 1,129 shares during the last quarter. Wells Fargo & Company MN lifted its stake in Contango Ore by 36.3% during the fourth quarter. Wells Fargo & Company MN now owns 5,715 shares of the company's stock worth $57,000 after purchasing an additional 1,522 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in Contango Ore by 8.4% during the fourth quarter. Bank of New York Mellon Corp now owns 22,384 shares of the company's stock worth $224,000 after purchasing an additional 1,737 shares during the last quarter. Barclays PLC lifted its stake in Contango Ore by 14.7% during the fourth quarter. Barclays PLC now owns 16,037 shares of the company's stock worth $161,000 after purchasing an additional 2,050 shares during the last quarter. Finally, Geode Capital Management LLC lifted its stake in Contango Ore by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 222,074 shares of the company's stock worth $2,226,000 after purchasing an additional 2,378 shares during the last quarter. Institutional investors and hedge funds own 19.14% of the company's stock.

Insider Buying and Selling at Contango Ore

In related news, CEO Nieuwenhuyse Rick Van purchased 5,000 shares of the business's stock in a transaction dated Tuesday, April 1st. The stock was acquired at an average price of $10.22 per share, for a total transaction of $51,100.00. Following the completion of the purchase, the chief executive officer now directly owns 550,869 shares of the company's stock, valued at $5,629,881.18. This trade represents a 0.92% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last quarter, insiders bought 22,500 shares of company stock worth $253,650. 17.80% of the stock is owned by insiders.

Analyst Ratings Changes

Separately, Fundamental Research set a $29.67 target price on Contango Ore and gave the stock a "buy" rating in a research note on Wednesday, February 19th.

Contango Ore Stock Performance

NYSEAMERICAN CTGO traded down $0.24 on Friday, reaching $14.76. The stock had a trading volume of 109,158 shares, compared to its average volume of 101,594. Contango Ore, Inc. has a 12-month low of $8.85 and a 12-month high of $25.32. The business's 50-day moving average price is $11.95 and its 200 day moving average price is $13.99. The stock has a market cap of $180.51 million, a P/E ratio of -1.89 and a beta of 0.55.

Contango Ore Company Profile

Contango Ore, Inc, an exploration stage company, engages in the exploration and development of mineral properties in Alaska, the United States. It primarily explores for gold, silver, and copper ores. The company was founded in 2009 and is headquartered in Fairbanks, Alaska.