Contango Ore, Inc. (NYSEAMERICAN:CTGO) CEO Purchases $102,750.00 in Stock

Contango Ore, Inc. (NYSEAMERICAN:CTGO) CEO Nieuwenhuyse Rick Van bought 7,500 shares of the firm’s stock in a transaction that occurred on Tuesday, April 22nd. The stock was acquired at an average cost of $13.70 per share, with a total value of $102,750.00. Following the transaction, the chief executive officer now owns 558,369 shares of the company’s stock, valued at $7,649,655.30. This represents a 1.36 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Nieuwenhuyse Rick Van also recently made the following trade(s):

• On Tuesday, April 1st, Nieuwenhuyse Rick Van acquired 5,000 shares of Contango Ore stock. The stock was bought at an average price of $10.22 per share, with a total value of $51,100.00.
• On Tuesday, March 25th, Nieuwenhuyse Rick Van purchased 10,000 shares of Contango Ore stock. The shares were bought at an average cost of $9.98 per share, with a total value of $99,800.00.

Contango Ore Price Performance

Contango Ore stock opened at $13.92 on Friday. Contango Ore, Inc. has a fifty-two week low of $8.85 and a fifty-two week high of $25.32. The firm has a market capitalization of $170.24 million, a PE ratio of -1.78 and a beta of 0.55. The company’s 50-day moving average is $10.65 and its 200-day moving average is $14.14.

Analysts Set New Price Targets

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

Hedge Funds Weigh In On Contango Ore

A number of institutional investors have recently bought and sold shares of the business. Franklin Resources Inc. boosted its holdings in shares of Contango Ore by 207.2% during the 3rd quarter. Franklin Resources Inc. now owns 224,709 shares of the company’s stock worth $4,393,000 after buying an additional 151,559 shares during the period. Geode Capital Management LLC lifted its position in Contango Ore by 1.1% during the fourth quarter. Geode Capital Management LLC now owns 222,074 shares of the company’s stock worth $2,226,000 after acquiring an additional 2,378 shares during the last quarter. State Street Corp boosted its holdings in shares of Contango Ore by 11.3% during the third quarter. State Street Corp now owns 156,606 shares of the company’s stock worth $3,016,000 after acquiring an additional 15,859 shares during the period. Northern Trust Corp grew its position in shares of Contango Ore by 2.9% in the fourth quarter. Northern Trust Corp now owns 86,882 shares of the company’s stock valued at $871,000 after purchasing an additional 2,482 shares during the last quarter. Finally, Marshall Wace LLP increased its stake in shares of Contango Ore by 465.2% during the fourth quarter. Marshall Wace LLP now owns 70,438 shares of the company’s stock worth $706,000 after purchasing an additional 57,976 shares during the period. Institutional investors and hedge funds 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.