Contango Ore Stock Price on October 24, 2024

CTGO Stock  USD 12.44  0.37  3.07%   
Below is the normalized historical share price chart for Contango ORE extending back to December 20, 2010. This chart has been adjusted for all splits and dividends and is plotted against all major global economic recessions. As of today, the current price of Contango ORE stands at 12.44, as last reported on the 12th of December 2024, with the highest price reaching 12.94 and the lowest price hitting 12.16 during the day.
IPO Date
20th of December 2010
200 Day MA
19.9189
50 Day MA
18.7228
Beta
0.576
 
Credit Downgrade
 
Yuan Drop
 
Covid
If you're considering investing in Contango Stock, it is important to understand the factors that can impact its price. Contango ORE secures Sharpe Ratio (or Efficiency) of -0.18, which signifies that the company had a -0.18% return per unit of risk over the last 3 months. Contango ORE exposes twenty-three different technical indicators, which can help you to evaluate volatility embedded in its price movement. Please confirm Contango ORE's Mean Deviation of 2.66, risk adjusted performance of (0.12), and Standard Deviation of 4.16 to double-check the risk estimate we provide.
  
At this time, Contango ORE's Liabilities And Stockholders Equity is very stable compared to the past year. As of the 12th of December 2024, Other Stockholder Equity is likely to grow to about 130.6 M, though Total Stockholder Equity is likely to grow to (13.8 M). . As of the 12th of December 2024, Price Earnings Ratio is likely to drop to -2.14. In addition to that, Price Book Value Ratio is likely to grow to -10.86. Contango Stock price history is provided at the adjusted basis, taking into account all of the recent filings.

Sharpe Ratio = -0.1766

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Estimated Market Risk

 4.26
  actual daily
37
63% of assets are more volatile

Expected Return

 -0.75
  actual daily
0
Most of other assets have higher returns

Risk-Adjusted Return

 -0.18
  actual daily
0
Most of other assets perform better
Based on monthly moving average Contango ORE is not performing at its full potential. However, if added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Contango ORE by adding Contango ORE to a well-diversified portfolio.
Price Book
4.6557
Book Value
(1.61)
Enterprise Value
189.8 M
Enterprise Value Ebitda
(5.18)
Shares Float
8.2 M

Contango ORE Valuation on October 24, 2024

It is possible to determine the worth of Contango ORE on a given historical date. On October 24, 2024 Contango was worth 23.46 at the beginning of the trading date compared to the closed value of 22.56. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Contango ORE stock. Still, in general, we apply an absolute valuation method to find Contango ORE's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Contango ORE where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Contango ORE's related companies.
 Open High Low Close Volume
  23.74    23.74    22.58    23.04    65,236  
10/24/2024
  23.46    23.46    22.15    22.56    36,295  
  22.74    22.99    22.31    22.59    40,003  
Backtest Contango ORE  |  Contango ORE History  |  Contango ORE Valuation   PreviousNext  
Open Value
23.46
22.56
Closing Value
36.23
Upside

Contango ORE Trading Date Momentum on October 24, 2024

On October 25 2024 Contango ORE was traded for  22.59  at the closing time. The top price for the day was 22.99  and the lowest listed price was  22.31 . The trading volume for the day was 40 K. The trading history from October 25, 2024 was a factor to the next trading day price boost. The overall trading delta against the next closing price was 0.13% . The overall trading delta against the current closing price is 7.18% .

Contango ORE Fundamentals Correlations and Trends

By evaluating Contango ORE's financials over time, investors can gain insight into future company performance. However, you can also analyze the published financial statements to find patterns among Contango ORE's main balance sheet or income statement drivers and many other relevant indicators that can statistically be found significantly correlated or uncorrelated. Contango financial account trend analysis is a perfect complement when working with valuation or volatility modules.

About Contango ORE Stock history

Contango ORE investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Contango is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Contango ORE will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market. The information obtained throughout analyzing Contango ORE stock prices may prove useful in developing a viable investing in Contango ORE
Last ReportedProjected for Next Year
Common Stock Shares Outstanding9.2 MM
Net Loss-35.8 M-34 M

Contango ORE Stock Technical Analysis

Contango ORE technical stock analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, stock market cycles, or different charting patterns.
A focus of Contango ORE technical analysis is to determine if market prices reflect all relevant information impacting that market. A technical analyst looks at the history of Contango ORE trading pattern rather than external drivers such as economic, fundamental, or social events. It is believed that price action tends to repeat itself due to investors' collective, patterned behavior. Hence technical analysis focuses on identifiable price trends and conditions. More Info...

Price Boundaries

Contango ORE Period Price Range

Low
December 12, 2024
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High

 0.00 

     

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Contango ORE cannot be verified against its exchange. Please verify the symbol is currently traded on NYSE MKT Exchange. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.

Contango ORE December 12, 2024 Market Strength

Market strength indicators help investors to evaluate how Contango ORE stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Contango ORE shares will generate the highest return on investment. By undertsting and applying Contango ORE stock market strength indicators, traders can identify Contango ORE entry and exit signals to maximize returns

Contango ORE Technical and Predictive Indicators

Predictive indicators are helping investors to find signals for Contango ORE's price direction in advance. Along with the technical and fundamental analysis of Contango Stock historical price patterns, it is also worthwhile for investors to track various predictive indicators of Contango to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
When determining whether Contango ORE offers a strong return on investment in its stock, a comprehensive analysis is essential. The process typically begins with a thorough review of Contango ORE's financial statements, including income statements, balance sheets, and cash flow statements, to assess its financial health. Key financial ratios are used to gauge profitability, efficiency, and growth potential of Contango Ore Stock. Outlined below are crucial reports that will aid in making a well-informed decision on Contango Ore Stock:
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Contango ORE. Also, note that the market value of any company could be closely tied with the direction of predictive economic indicators such as signals in price.
To learn how to invest in Contango Stock, please use our How to Invest in Contango ORE guide.
You can also try the Instant Ratings module to determine any equity ratings based on digital recommendations. Macroaxis instant equity ratings are based on combination of fundamental analysis and risk-adjusted market performance.
Is Diversified Metals & Mining space expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Contango ORE. If investors know Contango will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Contango ORE listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.
Earnings Share
(7.04)
Return On Assets
(0.21)
Return On Equity
(5.05)
The market value of Contango ORE is measured differently than its book value, which is the value of Contango that is recorded on the company's balance sheet. Investors also form their own opinion of Contango ORE's value that differs from its market value or its book value, called intrinsic value, which is Contango ORE's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Contango ORE's market value can be influenced by many factors that don't directly affect Contango ORE's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.
Please note, there is a significant difference between Contango ORE's value and its price as these two are different measures arrived at by different means. Investors typically determine if Contango ORE is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Contango ORE's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.