Insider Selling: Contango ORE (NYSEAMERICAN:CTGO) CFO Sells $180,544.00 in Stock

Contango ORE, Inc. (NYSEAMERICAN:CTGO) CFO Michael Aaron Clark sold 10,075 shares of the stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $17.92, for a total transaction of $180,544.00. Following the transaction, the chief financial officer directly owned 39,798 shares in the company, valued at approximately $713,180.16. This represents a 20.20% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Michael Aaron Clark also recently made the following trade(s):

• On Thursday, January 8th, Michael Aaron Clark sold 10,097 shares of Contango ORE stock. The stock was sold at an average price of $26.00, for a total transaction of $262,522.00.

Contango ORE Stock Performance

Contango ORE stock opened at $17.20 on Monday. The firm has a fifty day simple moving average of $27.67 and a two-hundred day simple moving average of $25.57. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.19. Contango ORE, Inc. has a twelve month low of $9.22 and a twelve month high of $34.38. The company has a market capitalization of $289.30 million, a PE ratio of -5.95 and a beta of -0.34.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. Deutsche Bank AG increased its stake in shares of Contango ORE by 4.3% in the fourth quarter. Deutsche Bank AG now owns 10,104 shares of the company’s stock worth $267,000 after buying an additional 417 shares during the period. Bridgeway Capital Management LLC boosted its position in Contango ORE by 4.7% during the 4th quarter. Bridgeway Capital Management LLC now owns 22,400 shares of the company’s stock valued at $592,000 after buying an additional 1,000 shares during the period. Strs Ohio purchased a new stake in Contango ORE during the 4th quarter valued at $29,000. AlphaQuest LLC grew its holdings in Contango ORE by 30.7% in the 3rd quarter. AlphaQuest LLC now owns 5,564 shares of the company’s stock worth $139,000 after acquiring an additional 1,308 shares during the last quarter. Finally, Russell Investments Group Ltd. grew its holdings in Contango ORE by 129.9% in the 3rd quarter. Russell Investments Group Ltd. now owns 2,320 shares of the company’s stock worth $58,000 after acquiring an additional 1,311 shares during the last quarter. Institutional investors own 19.14% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Zacks Research raised 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 issued a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $35.00.

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.