Contango Ore, Inc. (NYSEAMERICAN:CTGO - Get Free Report) Director Joseph S. Compofelice sold 2,920 shares of the company's stock in a transaction on Tuesday, April 9th. The stock was sold at an average price of $20.60, for a total transaction of $60,152.00. Following the transaction, the director now directly owns 160,958 shares in the company, valued at $3,315,734.80. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.
Contango Ore Stock Up 5.2 %
NYSEAMERICAN CTGO opened at $20.54 on Wednesday. Contango Ore, Inc. has a 12 month low of $14.03 and a 12 month high of $33.67. The company has a debt-to-equity ratio of 2.98, a current ratio of 4.02 and a quick ratio of 4.02. The stock has a market cap of $197.18 million, a PE ratio of -3.40 and a beta of 0.56.
Institutional Trading of Contango Ore
Institutional investors and hedge funds have recently bought and sold shares of the business. Sprott Inc. grew its position in Contango Ore by 0.3% in the fourth quarter. Sprott Inc. now owns 480,234 shares of the company's stock valued at $8,697,000 after acquiring an additional 1,384 shares in the last quarter. Vanguard Group Inc. grew its position in Contango Ore by 633.2% in the third quarter. Vanguard Group Inc. now owns 358,613 shares of the company's stock valued at $6,505,000 after acquiring an additional 309,705 shares in the last quarter. BlackRock Inc. grew its position in Contango Ore by 701.6% in the second quarter. BlackRock Inc. now owns 173,404 shares of the company's stock valued at $4,418,000 after acquiring an additional 151,772 shares in the last quarter. Northern Trust Corp grew its position in Contango Ore by 92.8% in the fourth quarter. Northern Trust Corp now owns 65,609 shares of the company's stock valued at $1,188,000 after acquiring an additional 31,576 shares in the last quarter. Finally, Geode Capital Management LLC grew its position in Contango Ore by 227.7% in the second quarter. Geode Capital Management LLC now owns 61,538 shares of the company's stock valued at $1,568,000 after acquiring an additional 42,762 shares in the last quarter. Institutional investors and hedge funds own 19.14% of the company's stock.
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A number of research firms have recently weighed in on CTGO. Cormark began coverage on shares of Contango Ore in a research note on Friday, March 22nd. They set a "buy" rating and a $27.50 price target on the stock. Roth Mkm reiterated a "buy" rating and issued a $38.00 price objective on shares of Contango Ore in a research report on Monday, March 25th. Finally, Fundamental Research set a $23.22 target price on shares of Contango Ore and gave the company a "buy" rating in a report on Tuesday, February 13th.
Get Our Latest Report on CTGO
Contango Ore Company Profile
(
Get Free Report)
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.
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