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 on Thursday, March 19th. The shares were sold at an average price of $17.92, for a total value of $180,544.00. Following the sale, the chief financial officer directly owned 39,798 shares of the company’s stock, valued at approximately $713,180.16. This represents a 20.20% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, 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 stock was sold at an average price of $26.00, for a total value of $262,522.00.

Contango ORE Price Performance

NYSEAMERICAN CTGO opened at $17.20 on Friday. The stock’s 50-day moving average price is $27.67 and its two-hundred day moving average price is $25.52. The company has a current ratio of 0.90, a quick ratio of 1.14 and a debt-to-equity ratio of 1.19. The company has a market cap of $289.30 million, a PE ratio of -5.95 and a beta of -0.34. Contango ORE, Inc. has a 1 year low of $9.22 and a 1 year high of $34.38.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of CTGO. Hsbc Holdings PLC purchased a new stake in shares of Contango ORE during the 4th quarter worth about $211,000. TMB Capital Partners LLC acquired a new stake in shares of Contango ORE during the 4th quarter valued at about $475,000. Susquehanna Portfolio Strategies LLC bought a new stake in shares of Contango ORE in the 4th quarter valued at approximately $203,000. Polymer Capital Management US LLC bought a new stake in shares of Contango ORE in the 4th quarter valued at approximately $243,000. Finally, Inspire Investing LLC acquired a new position in Contango ORE in the fourth quarter worth approximately $1,233,000. 19.14% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

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.