Now Is The Time To Build A Position In Contango Ore Inc (AMEX:CTGO)

In last trading session, Contango Ore Inc (AMEX:CTGO) saw 0.35 million shares changing hands with its beta currently measuring 0.54. Company’s recent per share price level of $14.41 trading at -$3.55 or -19.77% at ring of the bell on the day assigns it a market valuation of $176.21M. That closing price of CTGO’s stock is at a discount of -75.71% from its 52-week high price of $25.32 and is indicating a premium of 2.64% from its 52-week low price of $14.03. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 61630.0 shares which gives us an average trading volume of 77.36K if we extend that period to 3-months.

Contango Ore Inc (AMEX:CTGO) trade information

Upright in the red during last session for losing -19.77%, in the last five days CTGO remained trading in the red while hitting it’s week-highest on Friday, 11/22/24 when the stock touched $14.41 price level, adding 24.91% to its value on the day. Contango Ore Inc’s shares saw a change of -20.43% in year-to-date performance and have moved -25.03% in past 5-day. Contango Ore Inc (AMEX:CTGO) showed a performance of -35.38% in past 30-days. Number of shares sold short was 0.45 million shares which calculate 7.32 days to cover the short interests.

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3 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of 5.33M for the same. And 3 analysts are in estimates of company making revenue of 12.33M in the next quarter.

Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of -27.27% during past 5 years.

Contango Ore Inc (AMEX:CTGO)’s Major holders

Insiders are in possession of 37.61% of company’s total shares while institution are holding 28.42 percent of that, with stock having share float percentage of 45.56%. Investors also watch the number of corporate investors in a company very closely, which is 28.42% institutions for Contango Ore Inc that are currently holding shares of the company. BARINGS LLC is the top institutional holder at CTGO for having 0.48 million shares of worth $8.6 million. And as of 2024-06-30, it was holding 4.967 of the company’s outstanding shares.

The second largest institutional holder is BLACKROCK INC., which was holding about 0.45 million shares on 2024-06-30. The number of shares represents firm’s hold over 4.6668 of outstanding shares, having a total worth of $8.08 million.

On the other hand, Sprott Gold Equity Fund and Vanguard Total Stock Market Index Fund are the top two Mutual Funds which own company’s shares. As of Jun 30, 2024 , the former fund manager was holding 432.8 shares of worth $6.09 million or 6.47% of the total outstanding shares. The later fund manager was in possession of 234.19 shares on Jun 30, 2024 , making its stake of worth around $3.3 million in the company or a holder of 3.50% of company’s stock.