Insider Buying: Contango Ore, Inc. (NYSEAMERICAN:CTGO) Director Buys $98,189.00 in Stock

Contango Ore, Inc. (NYSEAMERICAN:CTGO) Director John B. Juneau purchased 8,300 shares of Contango Ore stock in a transaction on Friday, December 13th. The shares were acquired at an average cost of $11.83 per share, for a total transaction of $98,189.00. Following the purchase, the director now owns 319,411 shares in the company, valued at approximately $3,778,632.13. This trade represents a 2.67 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Contango Ore Stock Down 8.9 %

Shares of CTGO stock opened at $10.20 on Thursday. The company has a market cap of $124.75 million, a P/E ratio of -1.30 and a beta of 0.48. Contango Ore, Inc. has a one year low of $10.10 and a one year high of $25.32.

Institutional Trading of Contango Ore

Institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in Contango Ore by 6.7% in the first quarter. Vanguard Group Inc. now owns 172,461 shares of the company’s stock valued at $3,423,000 after acquiring an additional 10,848 shares during the last quarter. Quantbot Technologies LP acquired a new position in shares of Contango Ore in the 3rd quarter valued at about $57,000. Bank of New York Mellon Corp grew its holdings in shares of Contango Ore by 4.5% during the 2nd quarter. Bank of New York Mellon Corp now owns 22,652 shares of the company’s stock worth $409,000 after purchasing an additional 966 shares during the period. Marshall Wace LLP purchased a new stake in shares of Contango Ore during the 2nd quarter worth about $185,000. Finally, Rhumbline Advisers increased its position in Contango Ore by 55.1% during the 2nd quarter. Rhumbline Advisers now owns 9,565 shares of the company’s stock worth $173,000 after purchasing an additional 3,397 shares in the last quarter. 19.14% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Roth Mkm increased their target price on Contango Ore from $33.00 to $37.00 and gave the stock a “buy” rating in a research report on Friday, October 11th.

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.