Nieuwenhuyse Rick Van Sells 1,000 Shares of Contango Ore, Inc. (NYSEAMERICAN:CTGO) Stock

Contango Ore, Inc. (NYSEAMERICAN:CTGO) CEO Nieuwenhuyse Rick Van sold 1,000 shares of Contango Ore stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $21.00, for a total value of $21,000.00. Following the sale, the chief executive officer now directly owns 499,896 shares in the company, valued at $10,497,816. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

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

• On Monday, March 18th, Nieuwenhuyse Rick Van sold 3,000 shares of Contango Ore stock. The stock was sold at an average price of $22.00, for a total value of $66,000.00.
• On Tuesday, January 9th, Nieuwenhuyse Rick Van sold 1,056 shares of Contango Ore stock. The shares were sold at an average price of $16.39, for a total value of $17,307.84.
• On Thursday, January 4th, Nieuwenhuyse Rick Van sold 612 shares of Contango Ore stock. The shares were sold at an average price of $15.90, for a total transaction of $9,730.80.
• On Tuesday, January 2nd, Nieuwenhuyse Rick Van sold 250 shares of Contango Ore stock. The shares were sold at an average price of $17.91, for a total transaction of $4,477.50.

Contango Ore Trading Down 1.2 %

Contango Ore stock opened at $20.30 on Friday. The company has a quick ratio of 4.02, a current ratio of 4.02 and a debt-to-equity ratio of 2.98. The company has a market capitalization of $194.88 million, a PE ratio of -3.36 and a beta of 0.54. Contango Ore, Inc. has a 12-month low of $14.03 and a 12-month high of $33.67.

Institutional Trading of Contango Ore

Several institutional investors have recently modified their holdings of the company. Citigroup Inc. increased its holdings in shares of Contango Ore by 99.1% in the second quarter. Citigroup Inc. now owns 1,109 shares of the company’s stock valued at $28,000 after buying an additional 552 shares in the last quarter. California State Teachers Retirement System purchased a new stake in shares of Contango Ore during the second quarter valued at $32,000. UBS Group AG boosted its position in shares of Contango Ore by 5,168.2% in the 3rd quarter. UBS Group AG now owns 1,159 shares of the company’s stock valued at $35,000 after purchasing an additional 1,137 shares during the period. Wells Fargo & Company MN increased its stake in Contango Ore by 7,310.0% in the 2nd quarter. Wells Fargo & Company MN now owns 1,482 shares of the company’s stock worth $38,000 after purchasing an additional 1,462 shares in the last quarter. Finally, American International Group Inc. acquired a new stake in Contango Ore during the 2nd quarter worth about $46,000. Institutional investors and hedge funds own 12.91% of the company’s stock.

Analysts Set New Price Targets

CTGO has been the topic of several research reports. Cormark started coverage on Contango Ore in a research report on Friday. They set a “buy” rating and a $27.50 price target on the stock. Fundamental Research set a $23.22 price objective on shares of Contango Ore and gave the company a “buy” rating in a research report on Tuesday, February 13th.

About Contango Ore

Contango Ore, Inc, an exploration stage company, engages in the exploration of gold and associated minerals in the United States. It also explores for copper and silver deposits. The company, through its subsidiaries, leases approximately 675,000 acres from the Tetlin Tribal Council and holds approximately 13,000 State of Alaska mining claims for exploration and development; leases mineral rights approximately 8,600 acres of State of Alaska and patented mining claims for exploration from Alaska Hard Rock, Inc; and owns 100% interest in the mineral rights to approximately 154,000 acres of State of Alaska mining claims for exploration located north and northwest of the Manh Choh Project.