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Green Darwin, a director at Contango ORE, Inc. (AMEX:CTGO), recently sold 1,500 shares of the company’s common stock. The shares were sold at $10.40 each, resulting in a total transaction value of $15,600. The sale comes as the stock trades near its 52-week low of $8.85, having declined 48% over the past six months according to InvestingPro data. Following this sale, Darwin holds 35,812 shares in the company.
The transaction was executed on March 31, 2025, and was disclosed in a filing with the Securities and Exchange Commission. The shares were sold in multiple transactions, all at the same price per share. With a market capitalization of $123 million and concerning liquidity metrics, InvestingPro analysis reveals several additional risk factors. Discover comprehensive insights and 6 more key ProTips in the detailed Pro Research Report.
In other recent news, Contango ORE Inc. reported its Q4 2024 earnings, showcasing an impressive earnings per share (EPS) of $1.36, significantly surpassing the forecasted $0.08. Despite this strong EPS performance, the company’s revenue fell short of expectations, reaching $8.5 million against an anticipated $12.33 million. The company highlighted its achievements in reducing debt, which decreased from $60 million at the start of the year to $38 million, with a projection to further reduce it to $15 million by the end of 2025. Contango ORE’s operational efficiency was evident in its gold production, which exceeded plans with nearly 42,000 ounces produced in 2024 and a projection of 60,000 ounces for 2025. The company also reported a $54 million loss on derivative contracts, which remains a concern for future financial performance. Analysts and investors have shown interest in the company’s strategic initiatives, including its focus on increasing gold production and leveraging its direct shipping ore model. Contango ORE’s management aims to be debt-free and hedge-free by the end of 2026 or early 2027. The company’s strategic direction and financial health were emphasized by CEO Rick Van Duenheiser, who highlighted the potential in junior stocks and the benefits of their operational model.
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