Nieuwenhuyse Rick Van Sells 19,608 Shares of Contango ORE (NYSEAMERICAN:CTGO) Stock

Contango ORE, Inc. (NYSEAMERICAN:CTGO) CEO Nieuwenhuyse Rick Van sold 19,608 shares of the firm’s stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $26.00, for a total value of $509,808.00. Following the sale, the chief executive officer directly owned 538,761 shares of the company’s stock, valued at $14,007,786. The trade was a 3.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link.

Contango ORE Trading Down 0.0%

NYSEAMERICAN CTGO opened at $25.99 on Friday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.14 and a quick ratio of 1.14. The stock has a market capitalization of $388.81 million, a P/E ratio of 259.90 and a beta of -0.35. The firm’s 50-day moving average is $25.12 and its two-hundred day moving average is $23.00. Contango ORE, Inc. has a 12 month low of $8.85 and a 12 month high of $30.22.

Institutional Investors Weigh In On Contango ORE

Several large investors have recently bought and sold shares of CTGO. AlphaQuest LLC acquired a new position in shares of Contango ORE during the second quarter worth about $83,000. XTX Topco Ltd acquired a new stake in Contango ORE in the second quarter valued at approximately $593,000. Minerva Advisors LLC raised its holdings in Contango ORE by 8.6% in the second quarter. Minerva Advisors LLC now owns 76,147 shares of the company’s stock valued at $1,487,000 after acquiring an additional 6,000 shares in the last quarter. Hillsdale Investment Management Inc. purchased a new position in Contango ORE in the third quarter worth approximately $356,000. Finally, Alyeska Investment Group L.P. acquired a new position in Contango ORE during the 3rd quarter worth approximately $36,772,000. Hedge funds and other institutional investors own 19.14% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on CTGO shares. Roth Capital reiterated a “buy” rating and issued a $35.00 price objective on shares of Contango ORE in a report on Tuesday, September 30th. Zacks Research cut shares of Contango ORE from a “hold” rating to a “strong sell” rating in a research report on Monday, January 5th. Two analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $32.34.

About Contango ORE

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.