Contango ORE (NYSEAMERICAN:CTGO) Stock Crosses Below 200-Day Moving Average – Here’s What Happened

24 Apr 2026, 21:17 by Amy Steele · The Cerbat Gem

Contango ORE, Inc. (NYSEAMERICAN:CTGO – Get Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $25.12 and traded as low as $22.63. Contango ORE shares last traded at $23.61, with a volume of 376,628 shares traded.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on CTGO. Canaccord Genuity Group began coverage on shares of Contango ORE in a research note on Thursday, March 26th. They issued a “buy” rating and a $32.00 price objective on the stock. Zacks Research upgraded shares of Contango ORE from a “strong sell” rating to a “hold” rating in a report on Tuesday, February 3rd. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $33.50.

Get Our Latest Research Report on CTGO

Contango ORE Stock Performance

The firm’s fifty day simple moving average is $23.38 and its 200 day simple moving average is $25.08. The company has a market capitalization of $384.17 million, a price-to-earnings ratio of -7.90 and a beta of -0.15. The company has a debt-to-equity ratio of 1.19, a current ratio of 0.90 and a quick ratio of 0.90.

Insider Buying and Selling

In related news, VP David Gregory Larimer sold 2,775 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The shares were sold at an average price of $17.92, for a total transaction of $49,728.00. Following the completion of the sale, the vice president directly owned 12,793 shares in the company, valued at approximately $229,250.56. This trade represents a 17.83% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Michael Aaron Clark sold 10,075 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $17.92, for a total transaction of $180,544.00. Following the sale, the chief financial officer owned 39,798 shares of the company’s stock, valued at approximately $713,180.16. This represents a 20.20% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders sold 34,471 shares of company stock worth $617,720. 14.40% of the stock is owned by company insiders.

Institutional Trading of Contango ORE

Institutional investors have recently made changes to their positions in the stock. Strs Ohio acquired a new stake in shares of Contango ORE during the fourth quarter worth approximately $29,000. Quarry LP acquired a new stake in shares of Contango ORE during the third quarter worth approximately $38,000. Mather Group LLC. acquired a new stake in Contango ORE in the third quarter valued at approximately $39,000. Federated Hermes Inc. lifted its stake in Contango ORE by 435.2% in the fourth quarter. Federated Hermes Inc. now owns 1,884 shares of the company’s stock valued at $50,000 after acquiring an additional 1,532 shares during the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in Contango ORE in the fourth quarter valued at approximately $51,000. 19.14% of the stock is currently owned by institutional investors and hedge funds.

Contango ORE Company Profile

(Get Free Report)

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.