Contango (LON:CGO) Posts Quarterly Earnings Results

Contango (LON:CGO) released its earnings results on Wednesday. The company reported GBX (0.06) EPS for the quarter, Digital Look Earnings reports.

Contango Price Performance

Contango stock opened at GBX 0.72 on Wednesday. The business’s 50-day simple moving average is GBX 0.65 and its 200 day simple moving average is GBX 0.71. The stock has a market cap of £8.65 million, a price-to-earnings ratio of 0.70 and a beta of 0.69. Contango has a 12-month low of GBX 0.40 and a 12-month high of GBX 1.10. The company has a quick ratio of 3.71, a current ratio of 4.56 and a debt-to-equity ratio of 28.44.

About Contango

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.