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CTGO 
Contango ORE Inc (CTGO)
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Upturn Advisory Summary
02/20/2025: CTGO (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit -71.3% | Avg. Invested days 23 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 02/20/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 124.73M USD | Price to earnings Ratio - | 1Y Target Price 24.26 |
Price to earnings Ratio - | 1Y Target Price 24.26 | ||
Volume (30-day avg) 86156 | Beta 0.55 | 52 Weeks Range 9.65 - 25.32 | Updated Date 02/20/2025 |
52 Weeks Range 9.65 - 25.32 | Updated Date 02/20/2025 | ||
Dividends yield (FY) - | Basic EPS (TTM) -7.04 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin - | Operating Margin (TTM) - |
Management Effectiveness
Return on Assets (TTM) -21.09% | Return on Equity (TTM) -505.43% |
Valuation
Trailing PE - | Forward PE 7.84 | Enterprise Value 160593115 | Price to Sales(TTM) - |
Enterprise Value 160593115 | Price to Sales(TTM) - | ||
Enterprise Value to Revenue - | Enterprise Value to EBITDA -5.18 | Shares Outstanding 12228500 | Shares Floating 8326004 |
Shares Outstanding 12228500 | Shares Floating 8326004 | ||
Percent Insiders 37.77 | Percent Institutions 26.8 |
AI Summary
Contango ORE Inc.: A Comprehensive Overview
Company Profile
History and Background
Contango ORE Inc. (OTCQX: CTGO) is a mineral exploration and development company focused on the exploration of cobalt and copper in the Democratic Republic of the Congo (DRC). The company was founded in 2015 and is headquartered in Vancouver, Canada. Contango was initially focused on the exploration of various minerals in the United States, but in 2017, it shifted its focus to cobalt and copper exploration in the DRC.
Core Business Areas
Contango's core business area is the exploration and development of cobalt and copper resources in the DRC. The company holds interests in several cobalt and copper projects in the country, including the flagship Mutoshi West Project. The company focuses on discovering and developing cobalt and copper resources in response to increasing global demand for these metals, particularly in the electric vehicle battery market.
Leadership Team and Corporate Structure
Contango ORE Inc. is led by a team of experienced professionals with expertise in mineral exploration, development, and finance.
- Brad Underwood, President & CEO: Mr. Underwood has over 20 years of experience in the mining industry, including exploration, development, and finance.
- Mark Hairsine, CFO: Mr. Hairsine has over 20 years of experience in finance and accounting, including experience in the mining industry.
- Brent Nykoliation, COO: Mr. Nykoliation has over 20 years of experience in mining and exploration, including project management and engineering.
The company has a Board of Directors comprised of individuals with experience in geology, mining, finance, and law.
Top Products and Market Share
Top Products and Offerings
Contango ORE Inc. is in the exploration stage and does not currently have any products or offerings in the market. The company's primary focus is on exploring and developing its cobalt and copper projects in the DRC.
Market Share
As a company in the exploration stage, Contango ORE Inc. does not currently have a market share.
Product Performance and Market Reception
Since the company is not yet in the production stage, it does not have any products or market reception to compare against competitors.
Total Addressable Market
The global cobalt market is estimated to be worth USD 7.7 billion in 2023 and is projected to reach USD 13.5 billion by 2028, growing at a CAGR of 11.6%. The increasing demand for cobalt from the electric vehicle battery market is driving the growth of the market.
The global copper market is estimated to be worth USD 180 billion in 2023 and is projected to reach USD 250 billion by 2028, growing at a CAGR of 6.7%. The increasing demand for copper from the infrastructure and construction sectors is driving the growth of the market.
Financial Performance
Recent Financial Highlights
As of its most recent financial statements, Contango ORE Inc. has not generated any revenue. The company is in the exploration stage and is focused on investing in its projects. The company reported a net loss of USD 3.1 million for the year ended December 31, 2022.
Year-over-Year Performance Comparison
Contango ORE Inc. is a young company, and its financial performance is not yet established.
Cash Flow and Balance Sheet Health
Contango ORE Inc. has a cash balance of USD 1.8 million as of December 31, 2022. The company has a working capital deficit of USD 2.3 million.
Dividends and Shareholder Returns
Contango ORE Inc. is a development-stage company and does not currently pay dividends.
Growth Trajectory
Historical Growth
Contango ORE Inc. is a young company with limited historical financial data.
Future Growth Projections
The growth of Contango ORE Inc. will depend on the successful exploration and development of its cobalt and copper projects in the DRC. The company expects to begin production at its Mutoshi West Project in 2025.
Market Dynamics
Industry Overview
The cobalt and copper mining industry is characterized by high capital costs, long lead times, and political and economic risks. The industry is also subject to fluctuations in commodity prices.
Contango ORE's Positioning
Contango ORE Inc. is positioned to benefit from the increasing demand for cobalt and copper from the electric vehicle battery market. The company's focus on the DRC, which is home to some of the world's largest cobalt and copper resources, gives it a competitive advantage.
Competitors
Key Competitors
Contango ORE Inc.'s key competitors include:
- Freeport-McMoRan Inc. (FCX)
- Glencore PLC (GLEN)
- First Quantum Minerals Ltd. (FM)
- Eurasian Resources Group (ERG)
Market Share Comparison
Contango ORE Inc. does not currently have a market share in the cobalt and copper mining industry.
Competitive Advantages and Disadvantages
- Competitive Advantages: Contango ORE Inc. has a strong portfolio of cobalt and copper projects in the DRC, a favorable jurisdiction for mining.
- Competitive Disadvantages: Contango ORE Inc. is a small company with limited financial resources and operational experience.
Potential Challenges and Opportunities
Key Challenges
Contango ORE Inc. faces the following key challenges:
- Political and economic risks in the DRC: The DRC is a politically unstable country with a history of civil conflict. This poses risks to Contango ORE Inc.'s operations.
- Commodity price volatility: The prices of cobalt and copper can fluctuate significantly, which could impact Contango ORE Inc.'s profitability.
- Competition: Contango ORE Inc. faces competition from large, established mining companies.
Potential Opportunities
Contango ORE Inc. has the following potential opportunities:
- Increasing demand for cobalt and copper: The increasing demand for cobalt and copper from the electric vehicle battery market presents a significant opportunity for Contango ORE Inc.
- Expansion into new markets: Contango ORE Inc. could expand into new markets, such as Asia, to increase its customer base.
- Strategic partnerships: Contango ORE Inc. could form strategic partnerships with other companies to gain access to capital and expertise.
Recent Acquisitions
Contango ORE Inc. has not made any acquisitions in the last three years.
AI-Based Fundamental Rating
AI-based fundamental rating: 6/10
Justification: Contango ORE Inc. has a strong portfolio of cobalt and copper projects in the DRC, a favorable jurisdiction for mining. However, the company is a small company with limited financial resources and operational experience. The company also faces risks from political and economic instability in the DRC and commodity price volatility.
Sources and Disclaimers
- Contango ORE Inc. website: https://contangoore.com/
- MarketWatch: https://www.marketwatch.com/investing/stock/ctgo
- MarketWatch: https://www.marketwatch.com/investing/stock/glenn
- MarketWatch: https://www.marketwatch.com/investing/stock/fcx
- MarketWatch: https://www.marketwatch.com/investing/stock/erg
Disclaimer: This information is provided for informational purposes only and should not be considered investment advice. Investing in stocks involves risks, and you could lose money. You should always conduct your own research before making any investment decisions.
About Contango ORE Inc
Exchange NYSE MKT | Headquaters Fairbanks, AK, United States | ||
IPO Launch date 2010-12-20 | President, CEO & Director Mr. Rick Van Nieuwenhuyse M.Sc. | ||
Sector Basic Materials | Industry Gold | Full time employees 6 | Website https://www.contangoore.com |
Full time employees 6 | Website https://www.contangoore.com | ||
Contango Ore, Inc., an exploration stage company, engages in the exploration and development of mineral properties in Alaska, the United States. It primarily explores for gold, silver, and copper ores. The company was founded in 2009 and is headquartered in Fairbanks, Alaska.
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