Contango Ore Stock Today

CTGO Stock  USD 21.33  0.97  4.76%   

Performance

10 of 100

 
Weak
 
Strong
OK

Odds Of Distress

Over 57

 
High
 
Low
Above Average
Contango ORE is selling at 21.33 as of the 21st of May 2024; that is 4.76 percent up since the beginning of the trading day. The stock's open price was 20.36. Contango ORE has over 57 % chance of experiencing financial distress in the next 2 years of operation, but had a somewhat ok returns during the last 90 days. Equity ratings for Contango ORE are calculated daily based on our scoring framework. The performance scores are derived for the period starting the 21st of April 2024 and ending today, the 21st of May 2024. Click here to learn more.
Business Domain
Materials
IPO Date
20th of December 2010
Category
Basic Materials
Contango Ore, Inc., an exploration stage company, engages in the exploration of gold and associated minerals in the United States. Contango Ore, Inc. was founded in 2009 and is headquartered in Houston, Texas. Contango Ore operates under Gold classification in the United States and is traded on AMEX Exchange. The company has 9.63 M outstanding shares of which 196.67 K shares are currently shorted by private and institutional investors with about 6.81 trading days to cover. More on Contango ORE

Moving against Contango Stock

  0.63X United States SteelPairCorr

Contango Stock Highlights

Most reasonable investors view market volatility as an opportunity to invest at a favorable price or to sell short against a bearish trend. Contango ORE's investment highlights are automatically generated signals that are significant enough to either complement your investing judgment regarding Contango ORE or challenge it. These highlights can help you better understand the position you are entering and avoid costly mistakes.
ESG Sustainability
Some studies have found that companies with high sustainability scores are getting higher valuations than competitors with lower social-engagement activities. While most ESG disclosures are voluntary, Contango ORE's sustainability indicators can be used to identify proper investment strategies using environmental, social, and governance scores that are crucial to Contango ORE's managers, analysts, and investors.
Environmental
Governance
Social
CEO PresidentRick MSc
Business ConcentrationDiversified Metals & Mining, Materials, Basic Materials, Materials, Metals & Mining, Gold, Basic Materials (View all Sectors)
Average Analyst Recommendation
Analysts covering Contango ORE report their recommendations after researching Contango ORE's financial statements, talking to executives and customers, or listening in on Contango ORE's conference calls. The current trade recommendation is based on an ongoing consensus estimate among financial analysts covering Contango ORE. The Contango consensus assessment is calculated by taking the average forecast from all of the analysts covering Contango ORE.
Financial Strength
Based on the measurements of operating efficiency obtained from Contango ORE's historical financial statements, Contango ORE may be sliding down financialy. It has an above-average likelihood of going through some form of financial trouble next quarter. Financial strength of Contango ORE is based on its profitability, leverage, liquidity, source of funds, and operating efficiency.
Current ValueLast YearChange From Last Year 10 Year Trend
Total Current Liabilities2.8 M2.6 M
Sufficiently Up
Slightly volatile
Total Assets31 M29.5 M
Sufficiently Up
Slightly volatile
Total Current Assets10.5 M14.1 M
Way Down
Slightly volatile
Contango ORE's financial strength is of vital concern to both outside investors and internal stakeholders. Efficiency and cost control are keys to Contango ORE's success, along with its ability to generate sufficient cash flow to pay bills, repay debt, and make a consistent year-to-year profit.
Financial leverage usually refers to the use of borrowed funds to amplify returns from an investment. In general, analyzing the relationship between debt to total assets helps investors to understand Contango ORE's financial leverage. It provides some insight into what part of Contango ORE's total assets is financed by creditors.
By using current balance sheet information, investors can analyze the liability, assets, and equity on Contango ORE's books and decide whether to invest or hold. Statistics such as return on equity (ROE), debt to equity (D/E) help investors determine how Contango ORE deploys its capital and how much of that capital is borrowed.
Liquidity
Contango ORE cash flow analysis is essential to understand how it generates and spends money over a specific period. It can also help you figure out where your money is going and how much cash you have available at a given moment. The company currently holds 25.46 M in liabilities with Debt to Equity (D/E) ratio of 1.45, which is about average as compared to similar companies. Contango ORE has a current ratio of 15.48, suggesting that it is liquid enough and is able to pay its financial obligations when due. Debt can assist Contango ORE until it has trouble settling it off, either with new capital or with free cash flow. So, Contango ORE's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Contango ORE sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Contango to invest in growth at high rates of return. When we think about Contango ORE's use of debt, we should always consider it together with cash and equity.

Total Cash From Financing Activities

29.4 Million
Contango ORE (CTGO) is traded on NYSE MKT Exchange in USA. It is located in 516 2nd Avenue, Fairbanks, AK, United States, 99701 and employs 11 people. Contango ORE is listed under Diversified Metals & Mining category by Fama And French industry classification. The company currently falls under 'Small-Cap' category with a current market capitalization of 211.22 M. Market capitalization usually refers to the total value of a company's stock within the entire market. To calculate Contango ORE's market, we take the total number of its shares issued and multiply it by Contango ORE's current market price. To manage market risk and economic uncertainty, many investors today build portfolios that are diversified across equities with different market capitalizations. However, as a general rule, conservative investors tend to hold large-cap stocks, and those looking for more risk prefer small-cap and mid-cap equities. Contango ORE conducts business under Metals & Mining sector and is part of Materials industry. The entity has 9.63 M outstanding shares of which 196.67 K shares are currently shorted by private and institutional investors with about 6.81 trading days to cover. Contango ORE currently holds about 23.1 M in cash with (14.68 M) of positive cash flow from operations. This results in cash-per-share (CPS) ratio of 3.41.
Check Contango ORE Probability Of Bankruptcy
Ownership Allocation
The market capitalization of Contango ORE is $211.22 Million. Contango ORE retains significant amount of outstanding shares owned by insiders. An insider is usually defined as a CEO, other corporate executive, director, or institutional investor who own at least 10% of the company's outstanding shares. Since such a large part of the company is owned by insiders, it is advisable to analyze if each of these insiders have been buying or selling the stock in recent months. Note, that even with negative profits, if the true value of the firm is larger than the current market value, you may still be able to generate positive returns on investment in this company.
Check Contango Ownership Details

Contango ORE Historical Income Statement

Contango ORE Income Statement is one of the three primary financial statements used for reporting Contango's overall financial performance over a current year or for a given accounting period. An Income Statement sometimes referred to as the statement of Contango ORE revenue and expense. Contango ORE Income Statement primarily focuses on the company's revenues and expenses during a particular period.
At this time, Contango ORE's Selling General Administrative is very stable compared to the past year. As of the 21st of May 2024, Other Operating Expenses is likely to grow to about 21.3 M, while Operating Income is likely to drop (9.1 M). View More Fundamentals

Contango Stock Against Markets

Picking the right benchmark for Contango ORE stock is fundamental to making educated investment choices. Many naive investors compare their positions with the S&P 500 or with the Nasdaq. But these benchmarks are not all-inclusive and generally should be used only for large-capitalization equities or stock offerings from large companies. When the price of a selected benchmark declines in a down market, there may be an uptick in Contango ORE stock price where buyers come in believing the asset is cheap. The opposite is true when the market is bullish; so, accurately picking the benchmark for Contango ORE is critical whether you are bullish or bearish towards Contango ORE at a given time. Please also check how Contango ORE's historical prices are related to one of the top price index indicators.

Be your own money manager

Our tools can tell you how much better you can do entering a position in Contango ORE without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

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Contango ORE Corporate Executives

Elected by the shareholders, the Contango ORE's board of directors comprises two types of representatives: Contango ORE inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Contango. The board's role is to monitor Contango ORE's management team and ensure that shareholders' interests are well served. Contango ORE's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Contango ORE's outside directors are responsible for providing unbiased perspectives on the board's policies.
Leah GainesCFO, Chief Accounting Officer, VP, Treasurer and SecretaryProfile

How to buy Contango Stock?

Before investing in Contango ORE, you must ensure you fully understand your financial goals and how diversified (or not) your overall investments are now. Then, after you clearly understand your investment objectives, consider investing in Contango ORE. To buy Contango ORE stock, you can follow these steps:
  • Choose a brokerage firm: You need to select a brokerage firm to buy shares of Contango ORE. Some popular options include Charles Schwab, Fidelity, TD Ameritrade, and Robinhood.
  • Open an account: Once you have chosen a brokerage firm, you will need to open an account. You will be required to provide personal information, such as your name, address, and Social Security number.
  • Fund your account: You will need to deposit funds into your brokerage account to purchase Contango ORE stock. You can do this by transferring funds from your bank account or other investment accounts.
  • Place your order: Once you have located Contango ORE stock in your brokerage account, you can place your order to buy it. You will need to specify the number of shares you want to buy and the price you are willing to pay.
  • Monitor your investment: After you have purchased Contango ORE stock, you should monitor your investment to track its performance and make informed decisions about buying, selling, or holding the stock
It's important to note that investing in stocks, such as Contango ORE, carries risks, and you should carefully consider your investment goals and risk tolerance before making any investment decisions. Also, remember various factors, including economic indicators, change in net worth, political events, company-specific news, and investor sentiment, can influence the stock market. These factors can cause fluctuations in stock prices and lead to market volatility affecting your buy or sell decision. However, volatility can also present opportunities for investors to make gains by buying stocks when prices are low and selling when they are high. It's important for investors to have a long-term perspective and a well-diversified portfolio to manage the impact of stock market volatility on their investments. For more information on how to buy Contango Stock please use our How to Invest in Contango ORE guide.

Already Invested in Contango ORE?

The danger of trading Contango ORE is mainly related to its market volatility and Company specific events. As an investor, you must understand the concept of risk-adjusted return before you start trading. The most common way to measure the risk of Contango ORE is by using the Sharpe ratio. The ratio expresses how much excess return you acquire for the extra volatility you endure for holding a more risker asset than Contango ORE. The Sharpe ratio is calculated by using standard deviation and excess return to determine reward per unit of risk. To understand how volatile Contango ORE is, you must compare it to a benchmark. Traditionally, the risk-free rate of return is the rate of return on the shortest-dated U.S. Treasury, such as a 3-year bond.
When determining whether Contango ORE offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Contango ORE's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Contango Ore Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Contango Ore Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Contango ORE. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in price.
To learn how to invest in Contango Stock, please use our How to Invest in Contango ORE guide.
Note that the Contango ORE information on this page should be used as a complementary analysis to other Contango ORE's statistical models used to find the right mix of equity instruments to add to your existing portfolios or create a brand new portfolio. You can also try the Stock Tickers module to use high-impact, comprehensive, and customizable stock tickers that can be easily integrated to any websites.

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When running Contango ORE's price analysis, check to measure Contango ORE's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Contango ORE is operating at the current time. Most of Contango ORE's value examination focuses on studying past and present price action to predict the probability of Contango ORE's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Contango ORE's price. Additionally, you may evaluate how the addition of Contango ORE to your portfolios can decrease your overall portfolio volatility.
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Is Contango ORE's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Contango ORE. If investors know Contango will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Contango ORE listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(7.04)
Return On Assets
(0.21)
Return On Equity
(5.05)
The market value of Contango ORE is measured differently than its book value, which is the value of Contango that is recorded on the company's balance sheet. Investors also form their own opinion of Contango ORE's value that differs from its market value or its book value, called intrinsic value, which is Contango ORE's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Contango ORE's market value can be influenced by many factors that don't directly affect Contango ORE's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Contango ORE's value and its price as these two are different measures arrived at by different means. Investors typically determine if Contango ORE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Contango ORE's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.