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

Contango ORE, Inc. (NYSEAMERICAN:CTGO) VP David Gregory Larimer sold 2,775 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $17.92, for a total value of $49,728.00. Following the transaction, the vice president owned 12,793 shares of the company’s stock, valued at $229,250.56. This trade represents a 17.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

Contango ORE Price Performance

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

Analyst Ratings Changes

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 analyst has rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $35.00.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. Deutsche Bank AG increased its stake in shares of Contango ORE by 4.3% in the 4th quarter. Deutsche Bank AG now owns 10,104 shares of the company’s stock valued at $267,000 after buying an additional 417 shares during the period. Bridgeway Capital Management LLC lifted its stake in shares of Contango ORE by 4.7% during the fourth quarter. Bridgeway Capital Management LLC now owns 22,400 shares of the company’s stock valued at $592,000 after acquiring an additional 1,000 shares during the period. Strs Ohio bought a new position in Contango ORE in the fourth quarter valued at about $29,000. AlphaQuest LLC boosted its holdings in Contango ORE by 30.7% in the third quarter. AlphaQuest LLC now owns 5,564 shares of the company’s stock valued at $139,000 after acquiring an additional 1,308 shares during the last quarter. Finally, Russell Investments Group Ltd. increased its position in Contango ORE by 129.9% in the third quarter. Russell Investments Group Ltd. now owns 2,320 shares of the company’s stock worth $58,000 after purchasing an additional 1,311 shares during the period. 19.14% of the stock is currently owned by institutional investors.

About Contango ORE

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.