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

Contango Ore, Inc. (NYSEAMERICAN:CTGO) CEO Nieuwenhuyse Rick Van bought 10,000 shares of Contango Ore stock in a transaction that occurred on Tuesday, March 25th. The shares were acquired at an average price of $9.98 per share, with a total value of $99,800.00. Following the completion of the acquisition, the chief executive officer now directly owns 545,869 shares of the company’s stock, valued at $5,447,772.62. This represents a 1.87 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Contango Ore Trading Up 1.0 %

NYSEAMERICAN CTGO opened at $10.02 on Friday. Contango Ore, Inc. has a 1 year low of $8.85 and a 1 year high of $25.32. The firm has a market cap of $122.54 million, a P/E ratio of -1.28 and a beta of 0.55. The business’s 50-day moving average is $10.20.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Wilmington Savings Fund Society FSB purchased a new position in shares of Contango Ore during the third quarter valued at $40,000. Quantbot Technologies LP purchased a new position in Contango Ore during the 3rd quarter valued at about $57,000. Wells Fargo & Company MN increased its holdings in shares of 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 purchasing an additional 1,522 shares during the period. Deutsche Bank AG lifted its position in shares of Contango Ore by 93.6% in the fourth quarter. Deutsche Bank AG now owns 8,023 shares of the company’s stock worth $80,000 after purchasing an additional 3,879 shares in the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings 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 purchasing an additional 1,129 shares during the period. 19.14% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Fundamental Research set a $29.67 price objective on Contango Ore and gave the stock a “buy” rating in a research note 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.