Contango ORE, Inc. (NYSEAMERICAN:CTGO - Get Free Report)'s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 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 50-day moving average price of $18.12 and a two-hundred day moving average price of $13.86. The company has a current ratio of 0.41, a quick ratio of 0.41 and a debt-to-equity ratio of 20.71. The stock has a market capitalization of $247.74 million, a P/E ratio of -5.79 and a beta of -0.08.
Insider Buying and Selling at Contango ORE
In other news, CEO Nieuwenhuyse Rick Van bought 7,500 shares of Contango ORE stock in a transaction dated Tuesday, April 22nd. The stock was bought at an average cost of $13.70 per share, for a total transaction of $102,750.00. Following the purchase, the chief executive officer directly owned 558,369 shares in the company, valued at approximately $7,649,655.30. This represents a 1.36% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 14.40% of the company's stock.
Institutional Trading of Contango ORE
Several large investors have recently made changes to their positions in CTGO. GAMMA Investing LLC increased its holdings 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 purchasing an additional 1,205 shares in the last quarter. Wells Fargo & Company MN increased its holdings in Contango ORE by 36.3% during the 4th 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 in the last quarter. Quantbot Technologies LP increased its holdings in Contango ORE by 173.3% during 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. Deutsche Bank AG increased its holdings in Contango ORE by 93.6% during the 4th quarter. Deutsche Bank AG now owns 8,023 shares of the company's stock worth $80,000 after purchasing an additional 3,879 shares in the last quarter. Finally, Bank of America Corp DE increased its holdings 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 worth $103,000 after purchasing an additional 2,936 shares in the last quarter. 19.14% of the stock is currently owned by institutional investors and hedge funds.
About Contango ORE
(
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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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