Contango ORE (NYSEAMERICAN:CTGO) CFO Michael Aaron Clark Sells 10,075 Shares

Contango ORE, Inc. (NYSEAMERICAN:CTGO) CFO Michael Aaron Clark sold 10,075 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $17.92, for a total transaction of $180,544.00. Following the sale, the chief financial officer owned 39,798 shares in the company, valued at $713,180.16. The trade was a 20.20% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Michael Aaron Clark also recently made the following trade(s):

• On Thursday, January 8th, Michael Aaron Clark sold 10,097 shares of Contango ORE stock. The shares were sold at an average price of $26.00, for a total transaction of $262,522.00.

Contango ORE Stock Performance

CTGO stock traded down $0.36 during midday trading on Friday, reaching $17.20. 891,558 shares of the company’s stock traded hands, compared to its average volume of 278,904. The company has a 50-day moving average price of $27.67 and a two-hundred day moving average price 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. Contango ORE, Inc. has a 52 week low of $9.22 and a 52 week high of $34.38. The firm has a market capitalization of $289.30 million, a PE ratio of -5.95 and a beta of -0.34.

Analysts Set New Price Targets

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

Institutional Trading of Contango ORE

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. GSA Capital Partners LLP bought a new position in Contango ORE in the 3rd quarter valued at $573,000. Minerva Advisors LLC increased its holdings in shares of Contango ORE by 8.6% in the second 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 during the period. XTX Topco Ltd bought a new position in shares of Contango ORE in the second quarter worth $593,000. AlphaQuest LLC raised its position in shares of Contango ORE by 30.7% in the third quarter. AlphaQuest LLC now owns 5,564 shares of the company’s stock worth $139,000 after buying an additional 1,308 shares in the last quarter. Finally, Mather Group LLC. purchased a new stake in shares of Contango ORE in the third quarter worth $39,000. 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.