Contango ORE (NYSEAMERICAN:CTGO) VP Sells $49,728.00 in Stock

Contango ORE, Inc. (NYSEAMERICAN:CTGO) VP David Gregory Larimer sold 2,775 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $17.92, for a total value of $49,728.00. Following the completion of the transaction, the vice president directly owned 12,793 shares of the company’s stock, valued at approximately $229,250.56. This trade represents a 17.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Contango ORE Price Performance

Shares of CTGO stock opened at $17.20 on Monday. Contango ORE, Inc. has a 12 month low of $9.22 and a 12 month high of $34.38. The company has a market capitalization of $289.30 million, a P/E ratio of -5.95 and a beta of -0.34. The stock has a 50 day moving average of $27.67 and a two-hundred day moving average of $25.57. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 1.19.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Contango ORE

Large investors have recently made changes to their positions in the company. Strs Ohio acquired a new stake in shares of Contango ORE during the 4th quarter worth about $29,000. Quarry LP acquired a new position in Contango ORE in the third quarter valued at about $38,000. Mather Group LLC. acquired a new position in Contango ORE in the third quarter valued at about $39,000. Tower Research Capital LLC TRC grew its stake in Contango ORE by 141.6% during the second quarter. Tower Research Capital LLC TRC now owns 2,264 shares of the company’s stock worth $44,000 after buying an additional 1,327 shares during the last quarter. Finally, Federated Hermes Inc. grew its stake in Contango ORE by 435.2% during the fourth quarter. Federated Hermes Inc. now owns 1,884 shares of the company’s stock worth $50,000 after buying an additional 1,532 shares during the last quarter. 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.