Contango ORE, Inc. (NYSEAMERICAN:CTGO) CFO Michael Aaron Clark Sells 2,822 Shares

Key Points

• CFO Michael Aaron Clark sold 2,822 shares of Contango ORE, Inc. at an average price of $21.66, totaling $61,124.52, resulting in a 4.49% decrease in his ownership.
• Contango ORE's stock price has fluctuated between a 52-week low of $8.85 and a high of $23.95, currently trading around $21.73.
• Institutional investors have shown interest, with Marshall Wace LLP increasing its stake by 465.2% during the fourth quarter, now owning 70,438 shares.

Contango ORE, Inc. (NYSEAMERICAN:CTGO - Get Free Report) CFO Michael Aaron Clark sold 2,822 shares of Contango ORE stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $21.66, for a total value of $61,124.52. Following the completion of the transaction, the chief financial officer directly owned 59,970 shares in the company, valued at approximately $1,298,950.20. This represents a 4.49% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.

Contango ORE Stock Performance

NYSEAMERICAN CTGO traded down $0.28 during trading on Monday, hitting $21.73. The company's stock had a trading volume of 108,453 shares, compared to its average volume of 88,389. The company has a quick ratio of 0.46, a current ratio of 0.47 and a debt-to-equity ratio of 20.71. The firm has a 50 day moving average price of $20.25 and a 200 day moving average price of $14.96. The firm has a market cap of $275.32 million, a P/E ratio of -6.37 and a beta of -0.16. Contango ORE, Inc. has a 52 week low of $8.85 and a 52 week high of $23.95.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. Marshall Wace LLP increased its position in shares of Contango ORE by 465.2% during the fourth quarter. Marshall Wace LLP now owns 70,438 shares of the company's stock valued at $706,000 after purchasing an additional 57,976 shares during the period. Raffles Associates LP increased its position in shares of Contango ORE by 281.5% during the fourth quarter. Raffles Associates LP now owns 46,554 shares of the company's stock valued at $466,000 after purchasing an additional 34,351 shares during the period. Jane Street Group LLC bought a new stake in shares of Contango ORE during the second quarter valued at approximately $630,000. XTX Topco Ltd bought a new stake in shares of Contango ORE during the second quarter valued at approximately $593,000. Finally, Gabelli Funds LLC increased its position in shares of Contango ORE by 18.8% during the first quarter. Gabelli Funds LLC now owns 126,479 shares of the company's stock valued at $1,291,000 after purchasing an additional 20,000 shares during the period. 19.14% of the stock is owned by institutional investors.

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.

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