Contango (LON:CGO) Issues Quarterly Earnings Results

by · The Markets Daily

Contango (LON:CGO – Get Free Report) issued its quarterly earnings results on Thursday. The company reported GBX (7) EPS for the quarter, Digital Look Earnings reports.

Contango Stock Up 13.1%

Shares of LON:CGO traded up GBX 0.12 during trading on Thursday, hitting GBX 0.99. 2,920,582 shares of the company were exchanged, compared to its average volume of 1,676,539. The stock has a market cap of £7.50 million and a price-to-earnings ratio of 1.05. The company has a current ratio of 2.68, a quick ratio of 3.71 and a debt-to-equity ratio of 45.10. Contango has a fifty-two week low of GBX 0.60 and a fifty-two week high of GBX 1.20. The firm has a fifty day moving average price of GBX 0.83 and a two-hundred day moving average price of GBX 0.84.

About Contango

(Get Free Report)

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. The Company has a 70% interest in the Project, with the remaining 30% held by active and supportive local partners.

Contango also holds the Garalo-Ntiela Project in the Sikasso region of South Mali, close to the Guinea border.

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