John B. Juneau Acquires 8,300 Shares of Contango Ore, Inc. (NYSEAMERICAN:CTGO) Stock

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

Contango Ore Stock Performance

Shares of NYSEAMERICAN CTGO traded up $0.27 during trading hours on Monday, hitting $11.70. The stock had a trading volume of 98,415 shares, compared to its average volume of 66,118. The stock has a market cap of $143.09 million, a price-to-earnings ratio of -1.46 and a beta of 0.48. Contango Ore, Inc. has a 52 week low of $11.23 and a 52 week high of $25.32.

Institutional Investors Weigh In On Contango Ore

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wilmington Savings Fund Society FSB acquired a new position in shares of Contango Ore during the third quarter worth approximately $40,000. Quantbot Technologies LP acquired a new position in shares of Contango Ore during the third quarter worth approximately $57,000. Rhumbline Advisers lifted its holdings in shares of Contango Ore by 55.1% during the second quarter. Rhumbline Advisers now owns 9,565 shares of the company’s stock worth $173,000 after buying an additional 3,397 shares during the last quarter. Marshall Wace LLP acquired a new position in shares of Contango Ore during the second quarter worth approximately $185,000. Finally, Fore Capital LLC acquired a new position in shares of Contango Ore during the second quarter worth approximately $201,000. 19.14% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Roth Mkm boosted their price target on Contango Ore from $33.00 to $37.00 and gave the company a “buy” rating in a research note 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.