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

Contango ORE, Inc. (NYSEAMERICAN:CTGO) VP David Gregory Larimer sold 2,775 shares of Contango ORE 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 transaction, the vice president directly owned 12,793 shares in the company, 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 accessible through the SEC website.

Contango ORE Stock Down 2.1%

Shares of NYSEAMERICAN CTGO traded down $0.36 during mid-day trading on Friday, reaching $17.20. The company had a trading volume of 891,558 shares, compared to its average volume of 293,694. The stock has a fifty day moving average of $27.67 and a two-hundred day moving average of $25.52. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.14 and a current ratio of 0.90. The company has a market capitalization of $289.30 million, a price-to-earnings ratio of 4.35 and a beta of -0.34. Contango ORE, Inc. has a 12-month low of $9.22 and a 12-month high of $34.38.

Analyst Upgrades and Downgrades

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

Institutional Investors Weigh In On Contango ORE

Several institutional investors and hedge funds have recently bought and sold shares of the business. Strs Ohio bought a new position in shares of Contango ORE during the 4th quarter worth about $29,000. Quarry LP bought a new stake in Contango ORE in the third quarter valued at about $38,000. Mather Group LLC. acquired a new position in Contango ORE in the third quarter worth about $39,000. Tower Research Capital LLC TRC raised its position in Contango ORE by 141.6% in the second quarter. Tower Research Capital LLC TRC now owns 2,264 shares of the company’s stock worth $44,000 after purchasing an additional 1,327 shares in the last quarter. Finally, Federated Hermes Inc. lifted its stake in Contango ORE by 435.2% during the fourth quarter. Federated Hermes Inc. now owns 1,884 shares of the company’s stock worth $50,000 after purchasing an additional 1,532 shares during the period. Institutional investors 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.