Contango Ore, Inc. (NYSEAMERICAN:CTGO - Get Free Report)'s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $14.17 and traded as low as $13.01. Contango Ore shares last traded at $13.48, with a volume of 178,396 shares.
Analysts Set New Price Targets
Separately, Fundamental Research set a $29.67 price target on shares of Contango Ore and gave the company a "buy" rating in a research report on Wednesday, February 19th.
Get Our Latest Stock Analysis on CTGO
Contango Ore Stock Down 5.0 %
The company has a market cap of $170.24 million, a PE ratio of -1.78 and a beta of 0.55. The company has a 50-day moving average of $10.73 and a 200-day moving average of $14.14.
Insiders Place Their Bets
In other news, CEO Nieuwenhuyse Rick Van purchased 5,000 shares of the company's stock in a transaction dated Tuesday, April 1st. The shares were 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 approximately $5,629,881.18. This represents a 0.92 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last quarter, insiders have acquired 22,500 shares of company stock valued at $253,650. Insiders own 17.80% of the company's stock.
Institutional Trading of Contango Ore
Hedge funds and other institutional investors have recently made changes to their positions in the stock. GAMMA Investing LLC raised its stake in shares of Contango Ore by 4,016.7% during 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. Wilmington Savings Fund Society FSB bought a new position in Contango Ore in the 3rd quarter worth about $40,000. JPMorgan Chase & Co. increased its stake in Contango Ore by 32.0% in the 3rd quarter. JPMorgan Chase & Co. now owns 4,657 shares of the company's stock worth $90,000 after acquiring an additional 1,129 shares during the last quarter. Wells Fargo & Company MN increased its stake in Contango Ore by 36.3% in the 4th quarter. Wells Fargo & Company MN now owns 5,715 shares of the company's stock worth $57,000 after acquiring an additional 1,522 shares during the last quarter. Finally, Quantbot Technologies LP increased its stake in Contango Ore by 173.3% in the 4th quarter. Quantbot Technologies LP now owns 8,022 shares of the company's stock worth $80,000 after acquiring an additional 5,087 shares during the last quarter. 19.14% of the stock is currently owned by institutional investors.
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.
See Also
Before you consider Contango Ore, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Contango Ore wasn't on the list.
While Contango Ore currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking to profit from the electric vehicle mega-trend? Enter your email address and we'll send you our list of which EV stocks show the most long-term potential.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
