Insider Buying: Contango (LON:CGO) Insider Acquires £48,033.34 in Stock

Contango Holdings plc (LON:CGOGet Free Report) insider Oliver Stansfield bought 4,803,334 shares of the business’s stock in a transaction on Wednesday, October 22nd. The stock was bought at an average cost of GBX 1 per share, with a total value of £48,033.34.

Contango Price Performance

LON CGO opened at GBX 0.95 on Friday. The company has a debt-to-equity ratio of 45.10, a current ratio of 2.68 and a quick ratio of 3.71. The stock has a market capitalization of £7.19 million and a price-to-earnings ratio of -1.41. The business’s fifty day moving average price is GBX 0.87 and its 200-day moving average price is GBX 0.92. Contango Holdings plc has a 1-year low of GBX 0.60 and a 1-year high of GBX 1.80.

Contango (LON:CGOGet Free Report) last announced its earnings results on Tuesday, September 30th. The company reported GBX 0.95 earnings per share for the quarter.

About Contango

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Contango Holdings PLC (LON: CGO) is a UK-based natural resource development company focused on the development of the +2 billion tonne Muchesu Coal Project in Zimbabwe, a producing coking coal mine and associated fully integrated coke production operation covering 19,236 hectares in the Hwange mining district in North-western Zimbabwe.

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