Bridgeway Capital Management LLC Makes New Investment in Contango Ore, Inc. (NYSEAMERICAN:CTGO)

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

A number of other large investors have also recently made changes to their positions in the business. Wells Fargo & Company MN boosted 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 acquiring an additional 1,522 shares in the last quarter. Quantbot Technologies LP boosted its position in shares of Contango Ore by 173.3% in the 4th quarter. Quantbot Technologies LP now owns 8,022 shares of the company's stock worth $80,000 after purchasing an additional 5,087 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Contango Ore by 32.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,657 shares of the company's stock worth $90,000 after buying an additional 1,129 shares during the last quarter. Bank of America Corp DE increased its position in Contango Ore by 40.1% during the 4th quarter. Bank of America Corp DE now owns 10,262 shares of the company's stock valued at $103,000 after buying an additional 2,936 shares in the last quarter. Finally, Barclays PLC raised its stake in Contango Ore by 14.7% during the fourth quarter. Barclays PLC now owns 16,037 shares of the company's stock valued at $161,000 after buying an additional 2,050 shares during the last quarter. 19.14% of the stock is currently owned by institutional investors.

Contango Ore Stock Down 1.6%

Contango Ore stock traded down $0.24 during midday trading on Friday, reaching $14.76. The stock had a trading volume of 109,158 shares, compared to its average volume of 101,302. The firm has a market cap of $180.51 million, a price-to-earnings ratio of -1.89 and a beta of 0.55. Contango Ore, Inc. has a 52-week low of $8.85 and a 52-week high of $25.32. The company has a fifty day moving average of $11.84 and a 200 day moving average of $13.98.

Wall Street Analyst Weigh In

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

Insider Transactions at Contango Ore

In related news, CEO Nieuwenhuyse Rick Van bought 7,500 shares of the business's stock in a transaction on Tuesday, April 22nd. The shares were bought at an average price of $13.70 per share, for a total transaction of $102,750.00. Following the completion of the purchase, the chief executive officer now directly owns 558,369 shares of the company's stock, valued at approximately $7,649,655.30. This trade represents a 1.36% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last ninety days, insiders acquired 22,500 shares of company stock worth $253,650. 17.80% of the stock is currently owned by insiders.

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.