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 on Thursday, March 19th. The stock was sold at an average price of $17.92, for a total transaction of $387,448.32. Following the sale, the chief executive officer 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 Securities & Exchange Commission, which can be accessed 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 transaction of $509,808.00.

Contango ORE Stock Down 2.1%

CTGO stock traded down $0.36 during trading hours on Friday, reaching $17.20. 891,558 shares of the stock were exchanged, compared to its average volume of 278,904. The firm’s 50-day moving average is $27.67 and its 200-day moving average is $25.52. Contango ORE, Inc. has a 12 month low of $9.22 and a 12 month high of $34.38. The company has a market cap 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 1.14.

Analyst Ratings Changes

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

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Hsbc Holdings PLC bought a new position in Contango ORE in the fourth quarter valued at $211,000. TMB Capital Partners LLC bought a new stake in Contango ORE during the 4th quarter worth about $475,000. Susquehanna Portfolio Strategies LLC bought a new stake in Contango ORE during the 4th quarter worth about $203,000. Polymer Capital Management US LLC acquired a new position in shares of Contango ORE during the 4th quarter worth about $243,000. Finally, Inspire Investing LLC acquired a new position in shares of Contango ORE during the 4th quarter worth about $1,233,000. Institutional investors and hedge funds own 19.14% of the company’s stock.

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.