Insider Buying: Contango Ore, Inc. (NYSEAMERICAN:CTGO) CEO Acquires $51,100.00 in Stock

Contango Ore, Inc. (NYSEAMERICAN:CTGO) CEO Nieuwenhuyse Rick Van purchased 5,000 shares of the business’s stock in a transaction on Tuesday, April 1st. The shares were bought at an average cost of $10.22 per share, with a total value of $51,100.00. Following the acquisition, 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 position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Nieuwenhuyse Rick Van also recently made the following trade(s):

• On Tuesday, March 25th, Nieuwenhuyse Rick Van acquired 10,000 shares of Contango Ore stock. The shares were bought at an average cost of $9.98 per share, for a total transaction of $99,800.00.

Contango Ore Trading Down 6.1 %

NYSEAMERICAN:CTGO opened at $9.76 on Friday. The company has a market capitalization of $119.36 million, a PE ratio of -1.25 and a beta of 0.55. The firm’s 50-day simple moving average is $10.17. Contango Ore, Inc. has a 52 week low of $8.85 and a 52 week high of $25.32.

Institutional Trading of Contango Ore

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB bought a new stake in Contango Ore in the 3rd quarter valued at $40,000. Quantbot Technologies LP purchased a new position in shares of Contango Ore during the third quarter valued at about $57,000. Wells Fargo & Company MN increased its holdings in shares of 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. Deutsche Bank AG lifted its position in shares of Contango Ore by 93.6% in the fourth quarter. Deutsche Bank AG now owns 8,023 shares of the company’s stock worth $80,000 after buying an additional 3,879 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its stake in Contango Ore by 32.0% during the third 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. Institutional investors own 19.14% of the company’s stock.

Wall Street Analyst Weigh In

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

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.