Contango Ore, Inc. (NYSEAMERICAN:CTGO - Get Free Report) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $0.00 and traded as high as $10.69. Contango Ore shares last traded at $10.42, with a volume of 92,293 shares trading hands.
Contango Ore Stock Performance
The stock has a market capitalization of $125.48 million, a PE ratio of -1.31 and a beta of 0.55.
Insiders Place Their Bets
In other news, Director John B. Juneau purchased 8,300 shares of the stock in a transaction that occurred on Friday, December 13th. The stock was acquired at an average cost of $11.83 per share, with a total value of $98,189.00. Following the acquisition, the director now owns 319,411 shares in the company, valued at approximately $3,778,632.13. This trade represents a 2.67 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 17.80% of the stock is currently owned by insiders.
Institutional Investors Weigh In On Contango Ore
Hedge funds and other institutional investors have recently bought and sold shares of the business. Franklin Resources Inc. lifted its position in shares of Contango Ore by 207.2% during the third quarter. Franklin Resources Inc. now owns 224,709 shares of the company's stock worth $4,393,000 after purchasing an additional 151,559 shares during the last quarter. Geode Capital Management LLC raised its stake in Contango Ore by 58.7% during the third quarter. Geode Capital Management LLC now owns 219,696 shares of the company's stock valued at $4,233,000 after buying an additional 81,227 shares in the last quarter. Marshall Wace LLP lifted its holdings in Contango Ore by 465.2% during the 4th quarter. Marshall Wace LLP now owns 70,438 shares of the company's stock worth $706,000 after buying an additional 57,976 shares during the last quarter. Raffles Associates LP grew its position in shares of Contango Ore by 281.5% in the 4th quarter. Raffles Associates LP now owns 46,554 shares of the company's stock worth $466,000 after acquiring an additional 34,351 shares in the last quarter. Finally, State Street Corp increased its holdings in shares of Contango Ore by 11.3% in the 3rd quarter. State Street Corp now owns 156,606 shares of the company's stock valued at $3,016,000 after acquiring an additional 15,859 shares during the last quarter. 19.14% of the stock is currently owned by hedge funds and other institutional investors.
About Contango Ore
(
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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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