Contango Ore, Inc. (NYSEAMERICAN:CTGO) CEO Purchases $99,800.00 in Stock

Contango Ore, Inc. (NYSEAMERICAN:CTGO) CEO Nieuwenhuyse Rick Van bought 10,000 shares of the firm’s stock in a transaction on Tuesday, March 25th. The shares were purchased at an average price of $9.98 per share, for a total transaction of $99,800.00. Following the purchase, the chief executive officer now owns 545,869 shares in the company, valued at $5,447,772.62. This trade represents a 1.87 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website.

Contango Ore Price Performance

Shares of CTGO opened at $10.08 on Friday. The company’s 50 day simple moving average is $10.20. Contango Ore, Inc. has a 12-month low of $8.85 and a 12-month high of $25.32. The company has a market cap of $123.28 million, a P/E ratio of -1.29 and a beta of 0.55.

Institutional Investors Weigh In On Contango Ore

Institutional investors and hedge funds have recently modified their holdings of the stock. Wilmington Savings Fund Society FSB bought a new position in Contango Ore during the third quarter valued at approximately $40,000. Quantbot Technologies LP bought a new position in shares of Contango Ore during the 3rd quarter valued at approximately $57,000. JPMorgan Chase & Co. grew its holdings in shares of Contango Ore by 32.0% in the third quarter. JPMorgan Chase & Co. now owns 4,657 shares of the company’s stock valued at $90,000 after purchasing an additional 1,129 shares in the last quarter. Wells Fargo & Company MN increased its position in Contango Ore by 36.3% in 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, Deutsche Bank AG raised its stake in Contango Ore by 93.6% during the fourth 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 in the last quarter. Institutional investors own 19.14% of the company’s stock.

Analysts Set New Price Targets

Separately, Fundamental Research set a $29.67 price objective on shares of Contango Ore and gave the company a “buy” rating in a research report on Wednesday, February 19th.

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.