Contango (LON:CGO) Announces Quarterly Earnings Results

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

Contango Price Performance

CGO stock opened at GBX 0.65 on Friday. Contango has a 1 year low of GBX 0.40 and a 1 year high of GBX 1.10. The company has a debt-to-equity ratio of 28.44, a current ratio of 4.56 and a quick ratio of 3.71. The firm has a market capitalization of £7.85 million, a PE ratio of 0.63 and a beta of 0.69. The business has a 50 day simple moving average of GBX 0.66 and a 200-day simple moving average of GBX 0.70.

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.