Contango Ore (NYSEAMERICAN:CTGO) Stock Passes Below Two Hundred Day Moving Average of $24.01

Contango Ore, Inc. (NYSEAMERICAN:CTGOGet Rating) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $24.01 and traded as low as $23.24. Contango Ore shares last traded at $23.24, with a volume of 250 shares traded.

Contango Ore Stock Performance

The firm has a market cap of $156.74 million, a price-to-earnings ratio of -8.61 and a beta of 0.79. The company’s 50-day moving average is $24.59 and its 200-day moving average is $24.01.

Contango Ore (NYSEAMERICAN:CTGOGet Rating) last announced its quarterly earnings data on Wednesday, May 11th. The company reported ($1.01) earnings per share for the quarter.

Institutional Trading of Contango Ore

A number of institutional investors and hedge funds have recently modified their holdings of CTGO. Sprott Inc. acquired a new position in shares of Contango Ore in the 4th quarter valued at approximately $7,106,000. Minerva Advisors LLC acquired a new position in shares of Contango Ore in the 4th quarter valued at approximately $2,779,000. Finally, Gabelli Funds LLC acquired a new position in Contango Ore during the 4th quarter worth approximately $2,757,000. 7.69% of the stock is owned by institutional investors.

Contango Ore Company Profile

(Get Rating)

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 approximately 13,000 State of Alaska mining claims for exploration and development; and owns 100% interest in the mineral rights to approximately 200,000 acres of State of Alaska mining claims located north and northwest of the Tetlin Lease.

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