Contango Ore, Inc.

Contango Ore, Inc.verified

CTGO

Price:

$20.25

Market Cap:

$245.94M

Contango Ore, Inc., an exploration stage company, engages in the exploration of gold and associated minerals in the United States. It also explores for copper and silver deposits. The company, through its subsidiaries, leases approximately 675,000 acres from the Tetlin Tribal Council and approximately 13,000 State of Alaska mining claims for exploration and development; and owns 100% interest in the mineral rights to approximately 200,000 acres of State of Alaska mining claims located north and northwest of the Tetlin Lease. The company also holds interest in the Shamrock property that consists of 361 Alaska state mining claims covering approximately 52,640 acres. Contango Ore, Inc. was foun...[Read more]

Industry

Gold

IPO Date

2010-12-21

Stock Exchange

AMEX

Ticker

CTGO

The Current Ratio as of September 2024 (TTM) for Contango Ore, Inc. (CTGO) is 0.51

According to Contango Ore, Inc.’s latest financial reports and current stock price. The company's current Current Ratio is 0.51. This represents a change of -66.68% compared to the average of 1.52 of the last 4 quarters.

Contango Ore, Inc. (CTGO) Historical Current Ratio (quarterly & annually)

How has CTGO Current Ratio performed in the past?

The mean historical Current Ratio of Contango Ore, Inc. over the last ten years is 33.26. The current 0.51 Current Ratio has changed 52.50% with respect to the historical average. Over the past ten years (40 quarters), CTGO's Current Ratio was at its highest in in the March 2018 quarter at 294.79. The Current Ratio was at its lowest in in the March 2024 quarter at 0.28.

Quarterly (TTM)
Annual

Average

33.26

Median

17.68

Minimum

1.29

Maximum

161.79

Contango Ore, Inc. (CTGO) Current Ratio by Quarter and Year

Discovering the peaks and valleys of Contango Ore, Inc. Current Ratio, unveiling quarterly and yearly fluctuations to gain insights into the company’s financial performance and market dynamics, offering valuable data for investors and analysts alike.

Maximum Annual Increase = 5.61%

Maximum Annual Current Ratio = 161.79

Minimum Annual Increase = -90.23%

Minimum Annual Current Ratio = 1.29

Quarterly (TTM)
Annual
YearCurrent RatioChange
20231.29-75.89%
20235.35-66.16%
202215.80-90.23%
2021161.795.61%
20202.83-86.45%
201920.90-61.64%
201854.4739.45%
201739.06238.44%
201611.54-41.00%
201519.562.91%

Contango Ore, Inc. (CTGO) Average Current Ratio

How has CTGO Current Ratio performed in the past?

The current Current Ratio of Contango Ore, Inc. (CTGO) is less than than its 3-year, less than than its 5-year, and less than than its 10-year historical averages

3-year avg

7.48

5-year avg

37.41

10-year avg

33.26

Contango Ore, Inc. (CTGO) Current Ratio vs. Peers

How is CTGO’s Current Ratio compared to its peers?

Contango Ore, Inc.’s Current Ratio is greater than Monarch Mining Corporation (0.42), less than Marathon Gold Corporation (1.68), greater than First Guaranty Bancshares, Inc. (0.16), greater than Glen Burnie Bancorp (0.09), less than Princeton Capital Corporation (10.94),

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