Nieuwenhuyse Rick Van Sells 21,621 Shares of Contango ORE (NYSEAMERICAN:CTGO) Stock

Contango ORE, Inc. (NYSEAMERICAN:CTGO) CEO Nieuwenhuyse Rick Van sold 21,621 shares of Contango ORE stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $17.92, for a total value of $387,448.32. Following the transaction, the chief executive officer owned 517,140 shares of the company’s stock, valued at $9,267,148.80. The trade was a 4.01% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link.

Nieuwenhuyse Rick Van also recently made the following trade(s):

• On Thursday, January 8th, Nieuwenhuyse Rick Van sold 19,608 shares of Contango ORE stock. The stock was sold at an average price of $26.00, for a total value of $509,808.00.

Contango ORE Price Performance

NYSEAMERICAN:CTGO opened at $17.20 on Friday. Contango ORE, Inc. has a 12-month low of $9.22 and a 12-month high of $34.38. The firm has a market capitalization of $289.30 million, a price-to-earnings ratio of -5.95 and a beta of -0.34. The stock’s 50 day moving average price is $27.67 and its two-hundred day moving average price is $25.54. The company has a quick ratio of 1.14, a current ratio of 0.90 and a debt-to-equity ratio of 1.19.

Analyst Upgrades and Downgrades

Separately, Zacks Research upgraded shares of Contango ORE from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 3rd. One research analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat, Contango ORE has a consensus rating of “Moderate Buy” and an average target price of $35.00.

Institutional Investors Weigh In On Contango ORE

Several hedge funds have recently bought and sold shares of CTGO. Strs Ohio acquired a new position in shares of Contango ORE in the fourth quarter valued at approximately $29,000. Quarry LP acquired a new stake in Contango ORE during the 3rd quarter worth approximately $38,000. Mather Group LLC. bought a new stake in Contango ORE in the 3rd quarter valued at $39,000. Tower Research Capital LLC TRC boosted its stake in Contango ORE by 141.6% in the 2nd quarter. Tower Research Capital LLC TRC now owns 2,264 shares of the company’s stock valued at $44,000 after purchasing an additional 1,327 shares during the period. Finally, Federated Hermes Inc. grew its holdings in Contango ORE by 435.2% in the 4th quarter. Federated Hermes Inc. now owns 1,884 shares of the company’s stock valued at $50,000 after buying an additional 1,532 shares in the last quarter. 19.14% of the stock is currently owned by institutional investors and hedge funds.

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.