Contango ORE, Inc. (NYSEAMERICAN:CTGO – Get Free Report) CEO Nieuwenhuyse Rick Van acquired 4,111 shares of the firm’s stock in a transaction on Thursday, June 25th. The stock was purchased at an average price of $15.24 per share, for a total transaction of $62,651.64. Following the transaction, the chief executive officer directly owned 555,251 shares of the company’s stock, valued at approximately $8,462,025.24. This trade represents a 0.75% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Contango ORE Trading Up 5.5%
Shares of Contango ORE stock traded up $0.82 during trading on Friday, reaching $15.74. 1,813,093 shares of the stock were exchanged, compared to its average volume of 464,867. The company has a quick ratio of 1.27, a current ratio of 1.27 and a debt-to-equity ratio of 0.07. The stock’s fifty day moving average is $20.58 and its 200 day moving average is $24.19. The firm has a market cap of $509.50 million, a price-to-earnings ratio of -8.55 and a beta of -0.06. Contango ORE, Inc. has a 1 year low of $14.50 and a 1 year high of $34.38.
Contango ORE (NYSEAMERICAN:CTGO – Get Free Report) last announced its quarterly earnings results on Thursday, May 14th. The company reported ($0.83) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.99). As a group, equities research analysts expect that Contango ORE, Inc. will post 0.94 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
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Institutional Inflows and Outflows
Several institutional investors have recently made changes to their positions in CTGO. Strs Ohio purchased a new position in shares of Contango ORE in the 4th quarter valued at approximately $29,000. Quarry LP bought a new stake in shares of Contango ORE during the third quarter valued at approximately $38,000. Tower Research Capital LLC TRC grew its stake in Contango ORE by 141.6% in the second quarter. Tower Research Capital LLC TRC now owns 2,264 shares of the company’s stock worth $44,000 after purchasing an additional 1,327 shares during the period. Federated Hermes Inc. grew its stake in Contango ORE by 435.2% in the fourth quarter. Federated Hermes Inc. now owns 1,884 shares of the company’s stock worth $50,000 after purchasing an additional 1,532 shares during the period. Finally, Meeder Asset Management Inc. bought a new position in Contango ORE in the fourth quarter worth $51,000. Institutional investors own 19.14% of the company’s stock.
Contango ORE Company Profile
Contango ORE Royalty Trust (NYSE American: CTGO) is a grantor royalty trust that holds net overriding royalty interests in oil and gas properties. As a non‐operating entity, the trust itself does not engage in exploration, drilling or production activities but instead receives a percentage of revenues generated by producing wells. This structure offers investors exposure to commodity price movements and production volumes without the direct capital expenditure or operational risks associated with upstream oil and gas companies.
The trust’s assets consist primarily of royalty interests in offshore leases located on the continental shelf of the Gulf of Mexico.
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