Contango ORE (NYSEAMERICAN:CTGO) Stock Crosses Above 50-Day Moving Average - What's Next?

Contango ORE, Inc. (NYSEAMERICAN:CTGO - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $17.89 and traded as high as $19.98. Contango ORE shares last traded at $19.65, with a volume of 25,459 shares traded.

Contango ORE Stock Performance

The company has a debt-to-equity ratio of 20.71, a quick ratio of 0.41 and a current ratio of 0.41. The company has a market capitalization of $246.61 million, a price-to-earnings ratio of -5.76 and a beta of -0.08. The firm has a 50-day simple moving average of $17.89 and a two-hundred day simple moving average of $13.96.

Insider Transactions at Contango ORE

In other news, CEO Nieuwenhuyse Rick Van bought 7,500 shares of Contango ORE stock in a transaction that occurred on Tuesday, April 22nd. The shares were purchased at an average price of $13.70 per share, with a total value of $102,750.00. Following the completion of the acquisition, the chief executive officer directly owned 558,369 shares in the company, valued at $7,649,655.30. The trade was a 1.36% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 14.40% of the stock is owned by corporate insiders.

Institutional Trading of Contango ORE

A number of institutional investors have recently bought and sold shares of CTGO. Deutsche Bank AG grew its position 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 buying an additional 3,879 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Contango ORE by 17.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 31,089 shares of the company's stock valued at $312,000 after acquiring an additional 4,700 shares in the last quarter. Northern Trust Corp boosted its stake in Contango ORE by 2.9% in the fourth quarter. Northern Trust Corp now owns 86,882 shares of the company's stock valued at $871,000 after acquiring an additional 2,482 shares in the last quarter. Wells Fargo & Company MN grew its holdings in shares of 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. Finally, GAMMA Investing LLC increased its position in shares of Contango ORE by 4,016.7% during the first quarter. GAMMA Investing LLC now owns 1,235 shares of the company's stock worth $121,000 after purchasing an additional 1,205 shares in the last quarter. 19.14% of the stock is owned by hedge funds and other institutional investors.

About Contango ORE

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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