Contango Ore (NYSEAMERICAN:CTGO) Share Price Passes Above Fifty Day Moving Average of $24.76

Contango Ore, Inc. (NYSEAMERICAN:CTGOGet Rating)’s share price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $24.76 and traded as high as $25.32. Contango Ore shares last traded at $25.24, with a volume of 1,911 shares.

Analysts Set New Price Targets

Separately, Roth Capital initiated coverage on shares of Contango Ore in a report on Monday, October 31st. They issued a “buy” rating and a $38.00 target price on the stock.

Contango Ore Stock Performance

The stock has a market cap of $171.00 million, a P/E ratio of -7.25 and a beta of 0.44. The business’s fifty day moving average price is $24.76. The company has a quick ratio of 15.80, a current ratio of 15.80 and a debt-to-equity ratio of 1.45.

Contango Ore (NYSEAMERICAN:CTGOGet Rating) last issued its quarterly earnings results on Wednesday, August 31st. The company reported ($1.07) EPS for the quarter. On average, analysts forecast that Contango Ore, Inc. will post -3.74 EPS for the current year.

Contango Ore Company Profile

(Get Rating)

Contango Ore, Inc, an exploration stage company, engages in the exploration of gold and associated minerals in the United States. It also explores for copper and silver deposits. The company, through its subsidiaries, leases approximately 675,000 acres from the Tetlin Tribal Council and holds approximately 13,000 State of Alaska mining claims for exploration and development; leases mineral rights approximately 8,600 acres of State of Alaska and patented mining claims for exploration from Alaska Hard Rock, Inc; and owns 100% interest in the mineral rights to approximately 214,600 acres of State of Alaska mining claims for exploration located north and northwest of the Manh Choh Project.

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