Contango ORE, Inc. (NYSEAMERICAN:CTGO) Director Richard Shortz Sells 33,150 Shares

Key Points

• Director Richard Shortz of Contango ORE, Inc. sold 33,150 shares on August 18th for a total of $698,802, reducing his ownership by 28.28%.
• Following the director's sale, the company's stock price dropped 1.3%, reaching $21.73, while 108,453 shares were exchanged during the trading session.
• Institutional investors have increased their holdings significantly, with Deutsche Bank AG raising its stake by 93.6% in the last quarter.

Contango ORE, Inc. (NYSEAMERICAN:CTGO - ) Director Richard Shortz sold 33,150 shares of the stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $21.08, for a total transaction of $698,802.00. Following the transaction, the director owned 84,050 shares of the company's stock, valued at approximately $1,771,774. This represents a 28.28% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.

Contango ORE Stock Down 1.3%

Shares of Contango ORE stock traded down $0.28 during trading hours on Monday, reaching $21.73. 108,453 shares of the company's stock were exchanged, compared to its average volume of 105,526. The company has a 50 day moving average of $20.25 and a two-hundred day moving average of $14.96. Contango ORE, Inc. has a fifty-two week low of $8.85 and a fifty-two week high of $23.95. The company has a current ratio of 0.47, a quick ratio of 0.46 and a debt-to-equity ratio of 20.71. The stock has a market cap of $275.32 million, a P/E ratio of -6.37 and a beta of -0.16.

Hedge Funds Weigh In On Contango ORE

Large investors have recently modified their holdings of the business. Deutsche Bank AG raised its holdings in shares of Contango ORE by 93.6% in the 4th quarter. Deutsche Bank AG now owns 8,023 shares of the company's stock valued at $80,000 after purchasing an additional 3,879 shares during the period. Northern Trust Corp raised its holdings in shares of Contango ORE by 2.9% in the 4th quarter. Northern Trust Corp now owns 86,882 shares of the company's stock valued at $871,000 after purchasing an additional 2,482 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Contango ORE by 36.3% in the 4th quarter. Wells Fargo & Company MN now owns 5,715 shares of the company's stock valued at $57,000 after purchasing an additional 1,522 shares during the period. GAMMA Investing LLC raised its holdings in shares of Contango ORE by 4,016.7% in the 1st quarter. GAMMA Investing LLC now owns 1,235 shares of the company's stock valued at $121,000 after purchasing an additional 1,205 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Contango ORE by 1.1% in the 4th quarter. Geode Capital Management LLC now owns 222,074 shares of the company's stock valued at $2,226,000 after purchasing an additional 2,378 shares during the period. 19.14% of the stock is currently owned by institutional investors and hedge funds.

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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