Contango Ore, Inc. (NYSEAMERICAN:CTGO - Get Free Report) CEO Nieuwenhuyse Rick Van purchased 7,500 shares of the business's stock in a transaction dated Tuesday, April 22nd. The stock was purchased at an average price of $13.70 per share, for a total transaction of $102,750.00. Following the completion of the acquisition, the chief executive officer now owns 558,369 shares of the company's stock, valued at approximately $7,649,655.30. This represents a 1.36 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link.
Nieuwenhuyse Rick Van also recently made the following trade(s):
- On Tuesday, April 1st, Nieuwenhuyse Rick Van bought 5,000 shares of Contango Ore stock. The stock was purchased at an average price of $10.22 per share, for a total transaction of $51,100.00.
- On Tuesday, March 25th, Nieuwenhuyse Rick Van purchased 10,000 shares of Contango Ore stock. The shares were purchased at an average cost of $9.98 per share, with a total value of $99,800.00.
Contango Ore Price Performance
Shares of NYSEAMERICAN CTGO opened at $14.66 on Friday. The business has a 50-day moving average of $10.57 and a 200-day moving average of $14.17. The stock has a market capitalization of $179.29 million, a price-to-earnings ratio of -1.87 and a beta of 0.55. Contango Ore, Inc. has a fifty-two week low of $8.85 and a fifty-two week high of $25.32.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the stock. Wilmington Savings Fund Society FSB acquired a new position in shares of Contango Ore during the 3rd quarter worth about $40,000. Wells Fargo & Company MN lifted 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 valued at $57,000 after purchasing an additional 1,522 shares during the last quarter. Quantbot Technologies LP increased its position in Contango Ore by 173.3% during the fourth quarter. Quantbot Technologies LP now owns 8,022 shares of the company's stock worth $80,000 after buying an additional 5,087 shares during the last quarter. Deutsche Bank AG increased its position in Contango Ore by 93.6% during 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 during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in 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 buying an additional 1,129 shares during the period. 19.14% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
Separately, Fundamental Research set a $29.67 price objective on shares of Contango Ore and gave the stock a "buy" rating in a research report on Wednesday, February 19th.
Check Out Our Latest Stock Analysis on CTGO
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.
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