Contango (LON:CGO) Issues Quarterly Earnings Results

Contango (LON:CGO) issued its quarterly earnings results on Wednesday. The company reported GBX (0.06) earnings per share (EPS) for the quarter, Digital Look Earnings reports.

Contango Trading Down 12.7%

Shares of LON CGO opened at GBX 0.72 on Wednesday. Contango has a 1-year low of GBX 0.40 and a 1-year high of GBX 1.10. The company has a market cap of £8.65 million, a PE ratio of 0.70 and a beta of 0.69. The company has a current ratio of 4.56, a quick ratio of 3.71 and a debt-to-equity ratio of 28.44. The company has a 50-day moving average of GBX 0.65 and a two-hundred day moving average of GBX 0.71.

About Contango

Contango Holdings PLC (LON: CGO) is a UK-based natural resource development company focused on the development of the +2 billion tonne Muchesu Coal Project in Zimbabwe, a producing coking coal mine and associated fully integrated coke production operation covering 19,236 hectares in the Hwange mining district in North-western Zimbabwe. The Company has a 70% interest in the Project, with the remaining 30% held by active and supportive local partners.

Contango also holds the Garalo-Ntiela Project in the Sikasso region of South Mali, close to the Guinea border.