Gabelli Funds LLC increased its position in shares of Contango Ore, Inc. (NYSEAMERICAN:CTGO – Get Rating) by 12.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 121,152 shares of the company’s stock after acquiring an additional 13,452 shares during the period. Gabelli Funds LLC owned approximately 1.68% of Contango Ore worth $2,777,000 at the end of the most recent quarter.
Other hedge funds have also recently bought and sold shares of the company. 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. BlackRock Inc. acquired a new position in shares of Contango Ore in the 3rd quarter valued at $647,000. Finally, Vanguard Group Inc. acquired a new position in shares of Contango Ore in the 3rd quarter valued at $879,000. 8.68% of the stock is owned by institutional investors and hedge funds.
Contango Ore Trading Down 3.7 %
NYSEAMERICAN:CTGO opened at $31.50 on Friday. The company has a debt-to-equity ratio of 2.72, a current ratio of 7.09 and a quick ratio of 7.09. Contango Ore, Inc. has a 1-year low of $21.00 and a 1-year high of $33.67. The firm has a market capitalization of $240.03 million, a P/E ratio of -5.93 and a beta of 0.52.
Contango Ore Profile
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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