David Gregory Larimer Sells 2,775 Shares of Contango ORE (NYSEAMERICAN:CTGO) Stock

Contango ORE, Inc. (NYSEAMERICAN:CTGO) VP David Gregory Larimer sold 2,775 shares of the business’s stock in a transaction dated 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 through the SEC website.

Contango ORE Trading Down 2.1%

Shares of Contango ORE stock opened at $17.20 on Friday. The company has a quick ratio of 1.14, a current ratio of 0.90 and a debt-to-equity ratio of 1.19. 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 price-to-earnings ratio of -5.95 and a beta of -0.34. The firm’s 50-day moving average price is $27.67 and its two-hundred day moving average price is $25.54.

Wall Street Analysts Forecast Growth

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

Institutional Trading of Contango ORE

Several institutional investors and hedge funds have recently modified their holdings of the business. Strs Ohio acquired a new stake in Contango ORE in the fourth quarter valued at about $29,000. Quarry LP bought 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 during the third quarter worth about $39,000. Tower Research Capital LLC TRC raised 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 acquiring an additional 1,327 shares in the last quarter. Finally, Federated Hermes Inc. lifted its holdings in shares of 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 acquiring an additional 1,532 shares during the last quarter. 19.14% of the stock is currently owned by institutional investors.

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.