Roth Capital Forecasts Contango Ore FY2024 Earnings

Contango Ore, Inc. (OTC:CTGO - Free Report) - Roth Capital issued their FY2024 earnings estimates for Contango Ore in a research note issued to investors on Tuesday, December 10th. Roth Capital analyst M. Niehuser anticipates that the company will earn ($5.36) per share for the year. Roth Capital also issued estimates for Contango Ore's Q4 2024 earnings at ($0.49) EPS, Q1 2025 earnings at ($0.52) EPS, Q2 2025 earnings at ($0.56) EPS, Q3 2025 earnings at ($0.48) EPS, Q4 2025 earnings at ($0.37) EPS and FY2025 earnings at ($1.93) EPS.

Contango Ore Stock Performance

Shares of CTGO traded down $0.21 on Friday, hitting $11.43. The company's stock had a trading volume of 155,728 shares, compared to its average volume of 66,016. Contango Ore has a fifty-two week low of $11.35 and a fifty-two week high of $25.32. The firm has a market capitalization of $139.77 million, a PE ratio of -1.46 and a beta of 0.48.

Insider Buying and Selling

In other Contango Ore news, CEO Nieuwenhuyse Rick Van acquired 10,000 shares of the business's stock in a transaction dated Tuesday, December 10th. The stock was bought at an average cost of $12.89 per share, with a total value of $128,900.00. Following the completion of the transaction, the chief executive officer now directly owns 498,332 shares in the company, valued at approximately $6,423,499.48. This represents a 2.05 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director John B. Juneau acquired 5,000 shares of Contango Ore stock in a transaction on Thursday, December 5th. The shares were bought at an average cost of $12.22 per share, with a total value of $61,100.00. Following the completion of the transaction, the director now owns 301,120 shares of the company's stock, valued at approximately $3,679,686.40. This trade represents a 1.69 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have purchased 19,999 shares of company stock worth $250,188. Corporate insiders own 17.80% of the company's stock.