Shares of Contango Ore, Inc. (NYSEAMERICAN:CTGO - Get Free Report) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $14.14 and traded as low as $13.95. Contango Ore shares last traded at $14.17, with a volume of 83,130 shares.
Analyst Ratings Changes
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.
Check Out Our Latest Research Report on CTGO
Contango Ore Trading Up 0.2 %
The business has a 50-day moving average price of $11.08 and a 200-day moving average price of $14.10. The firm has a market cap of $162.96 million, a P/E ratio of -1.71 and a beta of 0.55.
Insider Activity at Contango Ore
In other Contango Ore news, CEO Nieuwenhuyse Rick Van acquired 5,000 shares of the stock in a transaction dated Tuesday, April 1st. The stock was purchased at an average price of $10.22 per share, with a total value of $51,100.00. Following the transaction, 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 acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders have purchased a total of 22,500 shares of company stock valued at $253,650 over the last quarter. 17.80% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Contango Ore
Several institutional investors and hedge funds have recently made changes to their positions in CTGO. GAMMA Investing LLC raised its position in Contango Ore by 4,016.7% during the 1st quarter. GAMMA Investing LLC now owns 1,235 shares of the company's stock worth $121,000 after buying an additional 1,205 shares during the last quarter. Wilmington Savings Fund Society FSB acquired a new position in Contango Ore during the third quarter valued at $40,000. JPMorgan Chase & Co. raised its stake in shares of Contango Ore by 32.0% during the 3rd quarter. JPMorgan Chase & Co. now owns 4,657 shares of the company's stock valued at $90,000 after buying an additional 1,129 shares during the last quarter. Wells Fargo & Company MN lifted 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 buying an additional 1,522 shares during the period. Finally, Quantbot Technologies LP lifted its holdings in Contango Ore by 173.3% in the fourth quarter. Quantbot Technologies LP now owns 8,022 shares of the company's stock valued at $80,000 after acquiring an additional 5,087 shares during the period. 19.14% of the stock is currently owned by institutional investors and hedge funds.
Contango Ore Company Profile
(
Get Free Report)
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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