Contango Ore (NYSEAMERICAN:CTGO) Stock Price Crosses Above 50 Day Moving Average – Time to Sell?

Shares of Contango Ore, Inc. (NYSEAMERICAN:CTGO) crossed 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 firm has a market capitalization of $127.44 million, a PE ratio of -1.33 and a beta of 0.55.

Insider Buying and Selling

In related news, Director John B. Juneau bought 8,300 shares of the company’s stock in a transaction on Friday, December 13th. The shares were purchased at an average cost of $11.83 per share, for a total transaction of $98,189.00. Following the completion of the purchase, the director now directly owns 319,411 shares in the company, valued at $3,778,632.13. The trade was a 2.67 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 17.80% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Contango Ore

Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. lifted its position in shares of Contango Ore by 32.0% during the third quarter. JPMorgan Chase & Co. now owns 4,657 shares of the company’s stock worth $90,000 after acquiring an additional 1,129 shares in the last quarter. Bank of New York Mellon Corp lifted 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 worth $224,000 after purchasing an additional 1,737 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in Contango Ore in the 3rd quarter worth about $40,000. Quantbot Technologies LP purchased a new position in Contango Ore during the 3rd quarter valued at about $57,000. Finally, Charles Schwab Investment Management Inc. increased its position in shares of Contango Ore by 17.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 31,089 shares of the company’s stock valued at $312,000 after buying an additional 4,700 shares during the period. Hedge funds and other 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.