Contango ORE (NYSEAMERICAN:CTGO) CEO Nieuwenhuyse Rick Van Sells 21,621 Shares

Contango ORE, Inc. (NYSEAMERICAN:CTGO) CEO Nieuwenhuyse Rick Van sold 21,621 shares of the stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $17.92, for a total value of $387,448.32. Following the completion of the transaction, the chief executive officer directly owned 517,140 shares in the company, valued at approximately $9,267,148.80. This trade represents a 4.01% decrease in their position. The transaction 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 value of $509,808.00.

Contango ORE Trading Down 2.1%

Shares of Contango ORE stock traded down $0.36 during trading on Friday, reaching $17.20. 891,558 shares of the company were exchanged, compared to its average volume of 278,904. The business has a 50-day moving average price of $27.67 and a 200-day moving average price of $25.52. The firm has a market capitalization of $289.30 million, a price-to-earnings ratio of -5.95 and a beta of -0.34. The company has a quick ratio of 1.14, a current ratio of 0.90 and a debt-to-equity ratio of 1.19. Contango ORE, Inc. has a twelve month low of $9.22 and a twelve month high of $34.38.

Institutional Trading of Contango ORE

Several hedge funds have recently added to or reduced their stakes in the business. GSA Capital Partners LLP bought a new position in shares of Contango ORE during the 3rd quarter valued at about $573,000. Minerva Advisors LLC increased its stake in Contango ORE by 8.6% during the 2nd quarter. Minerva Advisors LLC now owns 76,147 shares of the company’s stock worth $1,487,000 after purchasing an additional 6,000 shares in the last quarter. XTX Topco Ltd acquired a new stake in Contango ORE during the 2nd quarter worth approximately $593,000. AlphaQuest LLC raised its holdings in Contango ORE by 30.7% during the 3rd quarter. AlphaQuest LLC now owns 5,564 shares of the company’s stock worth $139,000 after buying an additional 1,308 shares during the period. Finally, Mather Group LLC. bought a new position in Contango ORE in the third quarter valued at approximately $39,000. Institutional investors and hedge funds own 19.14% of the company’s stock.

Analysts Set New Price Targets

Separately, Zacks Research upgraded shares of 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 company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $35.00.

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.