Contango Ore, Inc. (NYSEAMERICAN:CTGO) CEO Nieuwenhuyse Rick Van Buys 5,000 Shares

Contango Ore, Inc. (NYSEAMERICAN:CTGO) CEO Nieuwenhuyse Rick Van bought 5,000 shares of the company’s stock in a transaction dated Tuesday, April 1st. The stock was bought at an average cost of $10.22 per share, with a total value of $51,100.00. Following the acquisition, the chief executive officer now directly owns 550,869 shares of the company’s stock, valued at approximately $5,629,881.18. The trade was a 0.92 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

• On Tuesday, March 25th, Nieuwenhuyse Rick Van acquired 10,000 shares of Contango Ore stock. The shares were bought at an average price of $9.98 per share, with a total value of $99,800.00.

Contango Ore Trading Up 2.0 %

Contango Ore stock traded up $0.20 during trading hours on Wednesday, hitting $10.15. The stock had a trading volume of 38,124 shares, compared to its average volume of 99,979. The business has a 50 day moving average of $10.20. Contango Ore, Inc. has a one year low of $8.85 and a one year high of $25.32. The company has a market capitalization of $124.07 million, a PE ratio of -1.30 and a beta of 0.55.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Franklin Resources Inc. lifted its holdings in 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 raised its position in shares of 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 Contango Ore by 11.3% in the third quarter. State Street Corp now owns 156,606 shares of the company’s stock valued at $3,016,000 after acquiring an additional 15,859 shares during the last quarter. Northern Trust Corp boosted its holdings in 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 acquiring an additional 2,482 shares during the last quarter. Finally, Marshall Wace LLP increased its position in Contango Ore by 465.2% during the 4th quarter. Marshall Wace LLP now owns 70,438 shares of the company’s stock valued at $706,000 after purchasing an additional 57,976 shares during the period. Institutional investors own 19.14% of the company’s stock.

Analysts Set New Price Targets

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

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.