Insider Selling: Contango ORE (NYSEAMERICAN:CTGO) CEO Sells $387,448.32 in Stock

Contango ORE, Inc. (NYSEAMERICAN:CTGO) CEO Nieuwenhuyse Rick Van sold 21,621 shares of the firm’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 $387,448.32. Following the completion of the sale, the chief executive officer directly owned 517,140 shares in the company, valued at approximately $9,267,148.80. The trade was a 4.01% decrease in their ownership of the stock. The sale 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 Trading Down 2.1%

Shares of NYSEAMERICAN:CTGO opened at $17.20 on Monday. Contango ORE, Inc. has a 1 year low of $9.22 and a 1 year 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 company has a debt-to-equity ratio of 1.19, a current ratio of 0.90 and a quick ratio of 0.90. The business’s 50 day moving average price is $27.67 and its 200-day moving average price is $25.57.

Institutional Investors Weigh In On Contango ORE

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

Wall Street Analysts Forecast Growth

Separately, Zacks Research upgraded shares of Contango ORE from a “strong sell” rating to a “hold” rating in a research report 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. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.00.

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.