Contango Ore Stock Price on November 19, 2024
| CTGO Stock | USD 14.08 3.88 21.60% |
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 14.08, as last reported on the 30th of November, with the highest price reaching 17.64 and the lowest price hitting 13.56 during the day.
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 -0.11, which signifies that the company had a -0.11% 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 (0.07), and Standard Deviation of 4.26 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 30th of November 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 30th of November 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.
IPO Date 20th of December 2010 | 200 Day MA 20.076 | 50 Day MA 19.8472 | Beta 0.576 |
Contango |
Sharpe Ratio = -0.1139
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| Negative Returns | CTGO |
Estimated Market Risk
| 4.22 actual daily | 37 63% of assets are more volatile |
Expected Return
| -0.48 actual daily | 0 Most of other assets have higher returns |
Risk-Adjusted Return
| -0.11 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 257.3 M | Enterprise Value Ebitda (5.18) | Shares Float 8.2 M |
Contango ORE Valuation on November 19, 2024
It is possible to determine the worth of Contango ORE on a given historical date. On November 19, 2024 Contango was worth 18.51 at the beginning of the trading date compared to the closed value of 19.3. 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 | |
| 18.47 | 19.26 | 18.29 | 18.39 | 76,960 | |
11/19/2024 | 18.51 | 19.30 | 18.23 | 19.30 | 42,911 |
| 19.31 | 19.31 | 18.23 | 18.82 | 57,862 |
| Backtest Contango ORE | | | Contango ORE History | | | Contango ORE Valuation | Previous | Next |
Contango ORE Trading Date Momentum on November 19, 2024
| On November 20 2024 Contango ORE was traded for 18.82 at the closing time. The top price for the day was 19.31 and the lowest listed price was 18.23 . The trading volume for the day was 57.9 K. The trading history from November 20, 2024 was a factor to the next trading day price decrease. The overall trading delta against the next closing price was 2.49% . The overall trading delta against the current closing price is 10.00% . |
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 Reported | Projected for Next Year | ||
| Common Stock Shares Outstanding | 9.2 M | 5 M | |
| 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.
Price Boundaries
Contango ORE Period Price Range
Low | November 30, 2024
| High |
0.00 | 0.00 |
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 November 30, 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.
| Risk Adjusted Performance | (0.07) | |||
| Jensen Alpha | (0.55) | |||
| Total Risk Alpha | (1.18) | |||
| Treynor Ratio | (0.76) |
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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 Risk-Return Analysis module to view associations between returns expected from investment and the risk you assume.
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.