AirNet Technology raises $180 million in digital assets offering
Director Richard Shortz sold 33,150 shares of Contango ORE, Inc. NASDAQ:CTGO common stock on August 18, 2025, for approximately $698,802. The sales occurred at prices ranging from $21.00 to $21.83, near the current trading price of $21.70. The stock has shown remarkable momentum, surging over 116% in the past six months. According to InvestingPro analysis, the stock appears slightly overvalued at current levels.
Following the transaction, Shortz directly owns 84,050 shares of Contango ORE, Inc. common stock. He also indirectly owns 1,000 shares through The Shortz Family Trust. InvestingPro analysis reveals 12 additional investment tips for CTGO, including insights about its financial health and growth prospects. Access the comprehensive Pro Research Report covering this $268.82M market cap company to make more informed investment decisions.
In other recent news, Contango ORE Inc. reported a notable turnaround in its financial results for the second quarter of 2025. The company achieved operating earnings of $23 million, contrasting with a $3.1 million loss in the same quarter of the previous year. Net income also showed a significant improvement, reaching $16 million compared to an $18.5 million net loss in Q2 2024. However, despite these positive financial results, the company’s earnings per share (EPS) of $1.24 did not meet analysts’ expectations, who had projected a loss of $0.0367 per share. This resulted in an earnings surprise of -3478.75%. These developments highlight the company’s recent financial performance.
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