Contango Ore, Inc. (NYSEAMERICAN:CTGO - Get Free Report) CEO Nieuwenhuyse Rick Van purchased 5,000 shares of Contango Ore stock in a transaction that occurred on Tuesday, April 1st. The shares were bought at an average price of $10.22 per share, for a total transaction of $51,100.00. Following the transaction, 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 ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
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 purchased at an average cost of $9.98 per share, for a total transaction of $99,800.00.
Contango Ore Stock Up 3.7 %
NYSEAMERICAN:CTGO opened at $10.32 on Thursday. The stock has a 50-day simple moving average of $10.20. The stock has a market cap of $126.21 million, a P/E ratio of -1.32 and a beta of 0.55. Contango Ore, Inc. has a 1-year low of $8.85 and a 1-year high of $25.32.
Analysts Set New Price Targets
Separately, Fundamental Research set a $29.67 target price on Contango Ore and gave the stock a "buy" rating in a research report on Wednesday, February 19th.
Read Our Latest Research Report on CTGO
Institutional Investors Weigh In On Contango Ore
Several hedge funds have recently bought and sold shares of the business. Wilmington Savings Fund Society FSB bought a new stake in Contango Ore in the third quarter worth $40,000. Quantbot Technologies LP purchased a new position in shares of Contango Ore in the 3rd quarter worth about $57,000. Wells Fargo & Company MN grew its position in Contango Ore by 36.3% during the 4th quarter. Wells Fargo & Company MN now owns 5,715 shares of the company's stock valued at $57,000 after purchasing an additional 1,522 shares during the last quarter. Deutsche Bank AG grew its position in Contango Ore by 93.6% during the 4th 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 during the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Contango Ore by 32.0% during the 3rd 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. Institutional investors own 19.14% of the company's stock.
About Contango Ore
(
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.
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