On December 10, 2024, Nieuwenhuyse Van, President & Chief Executive Officer of Contango Ore Inc (CTGO, Financial), purchased 10,000 shares of the company. Following this transaction, the insider now owns a total of 498,332 shares. The purchase was documented in an SEC Filing.
Contango Ore Inc is engaged in the exploration and development of mineral properties in the United States. The company focuses on precious metals, including gold and silver, as well as other mineral resources.
The insider's recent acquisition is part of a broader trend observed over the past year. During this period, Nieuwenhuyse Van has purchased a total of 10,000 shares and sold 20,389 shares. Overall, the insider transaction history for Contango Ore Inc indicates 5 insider buys and 18 insider sells over the past year.
Shares of Contango Ore Inc were trading at $12.89 each on the day of the insider's recent purchase. This price gives the stock a market cap of $142.339 million.
For investors, insider buying can be a signal of confidence in the company's future prospects. However, it is important to consider other factors such as the company's GF Value, price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow when evaluating the stock.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
