Contango ORE (NYSEAMERICAN:CTGO) Shares Gap Down – Here’s Why

Posted by on Sep 28th, 2026

Shares of Contango ORE, Inc. (NYSEAMERICAN:CTGO – Get Free Report) gapped down prior to trading on Monday. The stock had previously closed at $18.55, but opened at $17.50. Contango ORE shares last traded at $17.8740, with a volume of 37,730 shares traded.

Contango ORE Stock Performance

The firm has a market capitalization of $576.87 million, a P/E ratio of -5.87 and a beta of 0.04. The firm has a 50-day moving average price of $18.57 and a two-hundred day moving average price of $19.40. The company has a debt-to-equity ratio of 0.06, a current ratio of 1.06 and a quick ratio of 1.06.

Contango ORE (NYSEAMERICAN:CTGO – Get Free Report) last issued its earnings results on Thursday, August 13th. The company reported $0.14 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.18. On average, analysts forecast that Contango ORE, Inc. will post 0.4 EPS for the current fiscal year.

Insiders Place Their Bets

In other Contango ORE news, CFO Michael Aaron Clark sold 1,289 shares of the business’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $20.94, for a total value of $26,991.66. Following the completion of the sale, the chief financial officer directly owned 54,709 shares of the company’s stock, valued at $1,145,606.46. The trade was a 2.30% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 5.40% of the stock is owned by insiders.

Hedge Funds Weigh In On Contango ORE

A number of institutional investors have recently modified their holdings of CTGO. Strs Ohio raised its stake in shares of Contango ORE by 154.5% during the first quarter. Strs Ohio now owns 2,800 shares of the company’s stock valued at $52,000 after acquiring an additional 1,700 shares in the last quarter. FNY Investment Advisers LLC bought a new position in Contango ORE in the second quarter worth approximately $157,000. Squarepoint Ops LLC purchased a new position in Contango ORE during the 2nd quarter worth $165,000. Cetera Investment Advisers purchased a new position in Contango ORE during the 1st quarter worth $204,000. Finally, Globeflex Capital L P purchased a new stake in shares of Contango ORE in the 4th quarter worth $913,000. 19.14% of the stock is owned by hedge funds and other institutional investors.

Contango ORE Company Profile

(Get Free Report)

Contango ORE, Inc is a mineral exploration and development company focused on gold and other metal projects in Alaska. The company’s activities include acquiring, exploring, advancing and developing mineral properties, with an emphasis on projects that may support future mining operations.

Contango’s principal asset is its interest in the Peak Gold joint venture in the Tetlin region of eastern Alaska. The joint venture includes the Manh Choh gold project, which is operated by Kinross Gold Corporation.

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