Nieuwenhuyse Rick Van Acquires 10,000 Shares of Contango Ore, Inc. (NYSEAMERICAN:CTGO) Stock

Contango Ore, Inc. (NYSEAMERICAN:CTGO - Get Free Report) CEO Nieuwenhuyse Rick Van acquired 10,000 shares of the stock in a transaction dated Tuesday, March 25th. The stock was purchased at an average cost of $9.98 per share, with a total value of $99,800.00. Following the purchase, the chief executive officer now directly owns 545,869 shares of the company's stock, valued at $5,447,772.62. This trade represents a 1.87 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Contango Ore Trading Up 0.6 %

Shares of NYSEAMERICAN CTGO traded up $0.06 during midday trading on Friday, hitting $10.08. 113,796 shares of the stock traded hands, compared to its average volume of 88,596. The company has a market capitalization of $123.28 million, a P/E ratio of -1.29 and a beta of 0.55. The company's 50 day moving average is $10.20. Contango Ore, Inc. has a one year low of $8.85 and a one year high of $25.32.

Institutional Investors Weigh In On Contango Ore

Hedge funds have recently made changes to their positions in the business. JPMorgan Chase & Co. raised its position in shares of 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 purchasing an additional 1,129 shares during the period. Wells Fargo & Company MN grew 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 buying an additional 1,522 shares in the last quarter. Bank of New York Mellon Corp raised its holdings in Contango Ore by 8.4% during the 4th quarter. Bank of New York Mellon Corp now owns 22,384 shares of the company's stock valued at $224,000 after acquiring an additional 1,737 shares during the period. Barclays PLC lifted its position in shares of Contango Ore by 14.7% during the fourth quarter. Barclays PLC now owns 16,037 shares of the company's stock worth $161,000 after acquiring an additional 2,050 shares in the last quarter. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Contango Ore during the third quarter worth $40,000. 19.14% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

Separately, Fundamental Research set a $29.67 target price on shares of Contango Ore and gave the company a "buy" rating in a report on Wednesday, February 19th.

About Contango Ore

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.