Contango Ore, Inc. (NYSEAMERICAN:CTGO - Get Free Report) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $14.20 and traded as low as $10.95. Contango Ore shares last traded at $11.42, with a volume of 211,642 shares changing hands.
Analyst Upgrades and Downgrades
Separately, Fundamental Research set a $29.67 target price on Contango Ore and gave the stock a "buy" rating in a research note on Wednesday, February 19th.
Read Our Latest Stock Report on CTGO
Contango Ore Stock Down 4.3 %
The firm has a market cap of $172.93 million, a price-to-earnings ratio of -1.82 and a beta of 0.55. The company's 50-day moving average price is $10.24 and its 200-day moving average price is $14.19.
Insider Buying and Selling at Contango Ore
In other news, CEO Nieuwenhuyse Rick Van purchased 5,000 shares of the 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 owns 550,869 shares in the company, valued at $5,629,881.18. The trade was a 0.92 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 17.80% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Contango Ore
Large investors have recently modified their holdings of the business. Geode Capital Management LLC grew its holdings in shares of Contango Ore by 58.7% in the third quarter. Geode Capital Management LLC now owns 219,696 shares of the company's stock valued at $4,233,000 after purchasing an additional 81,227 shares in the last quarter. Franklin Resources Inc. raised its stake in Contango Ore by 207.2% during the 3rd quarter. Franklin Resources Inc. now owns 224,709 shares of the company's stock worth $4,393,000 after acquiring an additional 151,559 shares in the last quarter. Barclays PLC increased its position in shares of Contango Ore by 372.7% during the third quarter. Barclays PLC now owns 13,987 shares of the company's stock worth $270,000 after purchasing an additional 11,028 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Contango Ore by 27.1% in the third quarter. Charles Schwab Investment Management Inc. now owns 26,389 shares of the company's stock valued at $508,000 after buying an additional 5,630 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its position in Contango Ore by 32.0% in 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 during the last quarter. Institutional investors and hedge funds 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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