Contango Ore, Inc. (NYSEAMERICAN:CTGO) Director Buys $98,189.00 in Stock

Contango Ore, Inc. (NYSEAMERICAN:CTGO - Get Free Report) Director John B. Juneau acquired 8,300 shares of the company's stock in a transaction 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 completion of the purchase, the director now directly owns 319,411 shares in the company, valued at approximately $3,778,632.13. This represents a 2.67 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Contango Ore Price Performance

Shares of CTGO stock traded up $0.13 on Monday, hitting $11.56. The stock had a trading volume of 180,755 shares, compared to its average volume of 66,490. Contango Ore, Inc. has a one year low of $11.23 and a one year high of $25.32. The company has a market capitalization of $141.38 million, a P/E ratio of -1.48 and a beta of 0.48.

Institutional Investors Weigh In On Contango Ore

A number of institutional investors have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp grew its holdings in Contango Ore by 4.5% in the second quarter. Bank of New York Mellon Corp now owns 22,652 shares of the company's stock worth $409,000 after purchasing an additional 966 shares during the last quarter. Wilmington Savings Fund Society FSB purchased a new position in Contango Ore during the 3rd quarter worth $40,000. Quantbot Technologies LP acquired a new position in Contango Ore during the 3rd quarter valued at about $57,000. Rhumbline Advisers raised its stake in Contango Ore by 55.1% in the second quarter. Rhumbline Advisers now owns 9,565 shares of the company's stock valued at $173,000 after buying an additional 3,397 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings 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 worth $508,000 after acquiring an additional 5,630 shares in the last quarter. Institutional investors own 19.14% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Roth Mkm lifted their price objective on shares of Contango Ore from $33.00 to $37.00 and gave the stock a "buy" rating in a research note on Friday, October 11th.

Contango Ore Company Profile

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.