GSA Capital Partners LLP Makes New $573,000 Investment in Contango ORE, Inc. $CTGO

GSA Capital Partners LLP purchased a new stake in Contango ORE, Inc. (NYSEAMERICAN:CTGO) in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor purchased 22,992 shares of the company’s stock, valued at approximately $573,000. GSA Capital Partners LLP owned about 0.18% of Contango ORE at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Mather Group LLC. acquired a new position in shares of Contango ORE in the 3rd quarter worth approximately $39,000. Tower Research Capital LLC TRC boosted its holdings in Contango ORE by 141.6% during the second quarter. Tower Research Capital LLC TRC now owns 2,264 shares of the company’s stock worth $44,000 after buying an additional 1,327 shares in the last quarter. AlphaQuest LLC bought a new stake in Contango ORE during the second quarter worth approximately $83,000. Bank of America Corp DE grew its position in Contango ORE by 40.1% in the fourth quarter. Bank of America Corp DE now owns 10,262 shares of the company’s stock worth $103,000 after buying an additional 2,936 shares during the last quarter. Finally, Occudo Quantitative Strategies LP bought a new position in shares of Contango ORE in the second quarter valued at $230,000. Institutional investors own 19.14% of the company’s stock.

Contango ORE Stock Up 3.9%

Shares of NYSEAMERICAN:CTGO opened at $28.91 on Tuesday. The firm has a 50 day simple moving average of $28.52 and a 200 day simple moving average of $25.03. Contango ORE, Inc. has a 52 week low of $8.85 and a 52 week high of $34.38. The company has a debt-to-equity ratio of 0.64, a quick ratio of 1.14 and a current ratio of 1.14. The company has a market cap of $437.70 million, a PE ratio of 289.10 and a beta of -0.35.

Analyst Ratings Changes

Separately, Zacks Research raised Contango ORE from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 3rd. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $35.00.

Insider Buying and Selling at Contango ORE

In other news, CFO Michael Aaron Clark sold 10,097 shares of Contango ORE stock in a transaction on Thursday, January 8th. The stock was sold at an average price of $26.00, for a total transaction of $262,522.00. Following the transaction, the chief financial officer owned 49,873 shares in the company, valued at approximately $1,296,698. The trade was a 16.84% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Nieuwenhuyse Rick Van sold 19,608 shares of the company’s stock in a transaction on Thursday, January 8th. The shares were sold at an average price of $26.00, for a total value of $509,808.00. Following the transaction, the chief executive officer directly owned 538,761 shares in the company, valued at $14,007,786. The trade was a 3.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 14.40% of the company’s stock.

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.