Contango Ore (NYSEAMERICAN:CTGO) Stock Price Crosses Below 200 Day Moving Average of $24.01

Shares of Contango Ore, Inc. (NYSEAMERICAN:CTGOGet Rating) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-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 changing hands.

Contango Ore Trading Up 0.3 %

The company has a market capitalization of $156.74 million, a PE ratio of -8.61 and a beta of 0.79. The firm has a fifty day moving average of $24.59 and a two-hundred day moving average of $24.01.

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

Institutional Investors Weigh In On Contango Ore

Several institutional investors and hedge funds have recently bought and sold shares of the business. Sprott Inc. purchased a new stake in Contango Ore in the 4th quarter worth approximately $7,106,000. Minerva Advisors LLC purchased a new stake in Contango Ore in the 4th quarter worth approximately $2,779,000. Finally, Gabelli Funds LLC purchased a new stake in Contango Ore in the 4th quarter worth approximately $2,757,000. Hedge funds and other institutional investors own 7.69% of the company’s stock.

About Contango Ore

(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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