Contango Ore, Inc. (NYSEAMERICAN:CTGO) CEO Nieuwenhuyse Rick Van Purchases 10,000 Shares

Contango Ore, Inc. (NYSEAMERICAN:CTGO) CEO Nieuwenhuyse Rick Van bought 10,000 shares of the company’s stock in a transaction dated Tuesday, March 25th. The stock was bought at an average price of $9.98 per share, with a total value of $99,800.00. Following the acquisition, the chief executive officer now owns 545,869 shares in the company, valued at approximately $5,447,772.62. This trade represents a 1.87 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Contango Ore Stock Up 0.6 %

Shares of NYSEAMERICAN:CTGO opened at $10.08 on Friday. The stock has a market capitalization of $123.28 million, a price-to-earnings ratio of -1.29 and a beta of 0.55. The company’s 50 day simple moving average is $10.20. Contango Ore, Inc. has a 1 year low of $8.85 and a 1 year high of $25.32.

Analyst Upgrades and Downgrades

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

Hedge Funds Weigh In On Contango Ore

Several hedge funds have recently bought and sold shares of the business. Franklin Resources Inc. grew its stake in Contango Ore by 207.2% in 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. Geode Capital Management LLC increased its holdings in Contango Ore by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 222,074 shares of the company’s stock worth $2,226,000 after purchasing an additional 2,378 shares during the period. State Street Corp raised its position in Contango Ore by 11.3% during the 3rd quarter. State Street Corp now owns 156,606 shares of the company’s stock valued at $3,016,000 after purchasing an additional 15,859 shares in the last quarter. Northern Trust Corp lifted its holdings in shares of Contango Ore by 2.9% in the 4th quarter. Northern Trust Corp now owns 86,882 shares of the company’s stock worth $871,000 after buying an additional 2,482 shares during the period. Finally, Marshall Wace LLP grew its position in shares of 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 in the last quarter. Institutional investors own 19.14% of the company’s stock.

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.