Contango ORE (NYSEAMERICAN:CTGO) CFO Michael Aaron Clark Sells 10,097 Shares of Stock

Contango ORE, Inc. (NYSEAMERICAN:CTGO) CFO Michael Aaron Clark sold 10,097 shares of the stock in a transaction dated Thursday, January 8th. The stock was sold at an average price of $26.00, for a total transaction of $262,522.00. Following the transaction, the chief financial officer owned 49,873 shares in the company, valued at approximately $1,296,698. The trade was a 16.84% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Contango ORE Price Performance

CTGO opened at $25.99 on Friday. Contango ORE, Inc. has a 1 year low of $8.85 and a 1 year high of $30.22. The company’s 50 day simple moving average is $25.12 and its 200 day simple moving average is $22.98. The stock has a market capitalization of $388.81 million, a PE ratio of 259.90 and a beta of -0.35. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.14 and a current ratio of 1.14.

Institutional Investors Weigh In On Contango ORE

Hedge funds have recently modified their holdings of the stock. Quarry LP purchased a new position in Contango ORE in the 3rd quarter worth approximately $38,000. Mather Group LLC. acquired a new position in shares of Contango ORE during the third quarter worth $39,000. Tower Research Capital LLC TRC boosted its stake in shares of Contango ORE by 141.6% in the second quarter. Tower Research Capital LLC TRC now owns 2,264 shares of the company’s stock valued at $44,000 after purchasing an additional 1,327 shares during the period. Russell Investments Group Ltd. boosted its stake in shares of Contango ORE by 129.9% in the third quarter. Russell Investments Group Ltd. now owns 2,320 shares of the company’s stock valued at $58,000 after purchasing an additional 1,311 shares during the period. Finally, AlphaQuest LLC acquired a new stake in Contango ORE during the 2nd quarter valued at $83,000. 19.14% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on CTGO shares. Roth Capital reaffirmed a “buy” rating and issued a $35.00 target price on shares of Contango ORE in a research report on Tuesday, September 30th. Zacks Research downgraded Contango ORE from a “hold” rating to a “strong sell” rating in a report on Monday, January 5th. Two investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $32.34.

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.