Shares of Contango Ore, Inc. (NYSEAMERICAN:CTGO – Get Rating) crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $0.00 and traded as high as $26.86. Contango Ore shares last traded at $26.86, with a volume of 1,083 shares traded.

Wall Street Analyst Weigh In

Separately, Roth Capital began coverage on shares of Contango Ore in a research note on Monday, October 31st. They issued a "buy" rating and a $38.00 price objective on the stock.

Contango Ore Trading Up 3.3 %

The company has a quick ratio of 7.98, a current ratio of 7.98 and a debt-to-equity ratio of 2.72. The stock has a market cap of $181.98 million, a PE ratio of -6.98 and a beta of 0.42.

Institutional Investors Weigh In On Contango Ore

Several institutional investors and hedge funds have recently modified their holdings of CTGO. UBS Group AG lifted its holdings in Contango Ore by 5,168.2% in the 3rd quarter. UBS Group AG now owns 1,159 shares of the company's stock worth $35,000 after purchasing an additional 1,137 shares during the last quarter. BlackRock Inc. bought a new position in shares of Contango Ore in the third quarter valued at approximately $647,000. Finally, Vanguard Group Inc. acquired a new stake in shares of Contango Ore in the third quarter worth $879,000. Institutional investors and hedge funds own 8.68% of the company's stock.

Contango Ore Company Profile

(Get Rating)

Contango ORE, Inc engages in the exploration of gold, associated minerals, and rare earth elements. It includes geological surveying, geochemical sampling, geophysical surveying, geochemical evaluation for rare earth elements, and electromagnetic exploration in order to determine the existence and location of rare earth elements.

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