Contango Ore, Inc. (CTGO)
Contango Ore, Inc. operates in the Gold industry of the Basic Materials sector, headquartered in Fairbanks, AK, US. The stock last traded at $20.04, up 0.55% on the session, giving a market capitalisation of $648.1M. On trailing twelve-month figures it carries a trailing P/E of -7.16, a net margin of 0.0%. Its beta of -0.02 implies it has historically moved less than the broad market.
Contango Ore, Inc. operates as an exploration-phase enterprise, primarily dedicated to prospecting for gold and other associated minerals across the United States. Its discovery efforts also extend to identifying deposits of copper and silver. Through its various subsidiaries, the company has secured substantial land access for its exploration and development activities. This includes the lease of approximately 675,000 acres from the Tetlin Tribal Council, as well as around 13,000 State of Alaska mining claims. Additionally, Contango Ore holds full mineral rights to an estimated 200,000 acres of State of Alaska mining claims situated north and northwest of the Tetlin Lease. The company's portfolio also features an interest in the Shamrock property, which encompasses 361 Alaska state mining claims spanning approximately 52,640 acres. Contango Ore, Inc. was founded in 2009 and maintains its corporate headquarters in Houston, Texas.
Contango Ore, Inc. is most often compared with the following Basic Materials names: