How to Buy Contango Ore Stock
Contango Ore Inc
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.
Contango Ore stock last closed at $20.20, up 1.87% from the previous day, and has decreased 35.05% in one year. It has underperformed other stocks in the Gold industry by 0.23 percentage points. Contango Ore stock is currently +43.98% from its 52-week low of $14.03, and -40.01% from its 52-week high of $33.67.
As of Apr 18, 2024, there are 9.6M shares of CTGO outstanding. The market capitalization of CTGO is $193.98M. In the past 24 hours, 21,270 CTGO shares were traded.
How to Buy Contango Ore Stock
Not sure how to invest in Contango Ore stock? Here's how.
- Choose where to buy Contango Ore stock: You need to choose a stock brokerage, but don't worry - we've tested dozens of online brokerages and apps to help you figure out where to buy Contango Ore stock.
- Create a brokerage account: Sign up for 0% commission trading with the highest-rated brokerage we've identified.
- Deposit money your investment account: Select your method of payment and add your details.
- Evaluate Contango Ore stock: The Contango Ore ticker symbol is CTGO. Is Contango Ore stock a good investment? Should you buy shares of CTGO? How do CTGO's underlying business fundamentals look? Do top analysts think Contango Ore is a good buy? Why has CTGO's stock price moved recently? (Hint: Our stock research website can help you understand if CTGO is a good stock to buy).
- Make your CTGO buy order: Decide if you will purchase CTGO shares at the current market price or use a limit order to buy CTGO shares at a specific price.
- Monitor your CTGO position: Create a watchlist to keep track of your investment in Contango Ore stock.
Step 1: Choose where to buy Contango Ore stock
You need a brokerage account to access the NYSEMKT market and buy CTGO shares.
Our favorite brokerage: eToro
We believe that eToro is the best brokerage. eToro gives you:
- You can invest in stocks with zero commissions: Invest without paying trading commissions.
- Buy fractional shares: Even if you don't have the money to buy a full share, you can still purchase the stock.
- Access to global financial markets: From Technology to Industrials, New York to London — you can fill your portfolio with stocks from the globe's top exchanges.
- Social investing: eToro has a community of more than 20 million users worldwide. Talk to, learn from, and copy the crypto trades of other investors.
- Security: eToro is a regulated and licensed brokerage platform.
- Buy other financial assets: Such as ETFs and cryptos.
Get $10 towards your purchase of shares by opening an account with eToro now.
Open eToro AccountStep 2: Create a brokerage account
Now that you've picked the best brokerage, the next step is to fill out some personal information so you are able to invest in CTGO today.
How to Create a New Brokerage Account on eToro
- Click here to get started.eToro is a multi-asset investment platform. The value of your investments may go up or down. Your capital is at risk.
- Provide your personal data to start a new trading account.
- Send your information by hitting the "Create Account" button. Get started with eToro today
Step 3: Deposit money your investment account
Now that you have finished signing up on the stocks app, you need to deposit funds:
Check out the walkthrough below to see the process of depositing funds into your new brokerage account.
Step 4: Evaluate Contango Ore stock
Once you have chosen the best place to buy Contango Ore stock, it's important to evaluate their stock before you invest, so you actually understand the risk as well as the opportunity.
Contango Ore shares quick numbers
CTGO Due Diligence Checks
WallStreetZen was created to help everyday investors perform more accurate fundamental analysis.
You can see all of the due diligence checks on CTGO's stock page.
Is CTGO stock undervalued?
Analysts use a variety of different financial metrics, analyses, models, and charts to gauge CTGO's intrinsic value.
You can access additional valuation analysis on CTGO's stock here.
CTGO Financial Summary
Positive Financial Indicators:
- There are more short-term assets than short-term liabilities on the CTGO balance sheet.
- CTGO has cash burn of 13572472. It has enough cash and short-term investments to cover this for at least one year.
Negative Financial Indicators:
- Total CTGO debt is still negative.
- There are more long-term liabilities than short-term assets on the CTGO balance sheet.
- CTGO has $15.74M in cash and short term investments. This is not enough to cover its annual cash burn of $13.57M.
- CTGO debt to equity ratio of -5.03 is negative.
Is CTGO stock a Buy, Hold, or Sell, according to Wall Street analysts?
Out of 1 Equities analysts who give recommendations on CTGO, the consensus analyst rating on Contango Ore is a Strong Buy
It's important to note that analyst forecasts are not recommendations, nor are they financial advice.
You can dig deeper into what analysts are saying on the Contango Ore stock forecast page.
CTGO Trading Indicators
What are CTGO executives and large shareholders up to?
In the past 12 months, executives and large shareholders at CTGO have sold more shares than they have bought.
Joseph S. Compofelice, Director of CTGO, was the latest CTGO insider to sell. They sold $60,152.00 worth of CTGO shares on Apr 9, 2024.
Research more about who owns CTGO shares here.
Does CTGO provide a stable income stream?
No, Contango Ore doesn't provide an income stream by paying out dividends.
Get analysis from other investors
One of the reasons eToro is our favorite brokerage is because of its social trading community.
Click below to learn what other traders have to say.
Step 5: Make your CTGO buy order
You have two main order types:
- Market order: A market order is an order to buy or sell a stock at the best available price.
Market orders are generally the best for newer investors. - Limit order: A limit order allows you to buy or sell a stock at a specific price (or better).
If you want to ensure you're buying or selling at a particular price, place a limit order.
Press the Open Trade button and your broker will execute the order.
If you require additional help buying stocks on eToro, click the helpful video below:
Step 6: Monitor your CTGO position
Now that you own some CTGO stock, you'll want to keep up with your new stock purchase.
Create a watchlist to see the latest developments about your CTGO stock.
CTGO Feed
How to Buy Stock in Contango Ore
To summarize, here are the 6 steps to buy Contango Ore stock:
- Choose where to buy Contango Ore stock
- Create a brokerage account
- Deposit money your investment account
- Evaluate Contango Ore stock
- Make your CTGO buy order
- Monitor your CTGO position
If you are looking for a brokerage account, eToro is our favorite option.
Get Started with eToro TodayIf you want to keep an eye on your new investment in Contango Ore, create a watchlist on WallStreetZen today.
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