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Contango Ore (Contango Ore) Momentum Rank : 9 (As of Apr. 29, 2024)


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What is Contango Ore Momentum Rank?

Contango Ore has the Momentum Rank of 9.

For Momentum Rank, we considered the residual momentum concept that was widely studied by Blitz and his colleagues as well as by Nobel Prize laureates Fama and French. However, we did not find any significant differences in the performances of stocks with different ranks of residual momentum. Therefore, we use traditional momentum instead.

Momentum Rank is determined using the standardized momentum ratio and other momentum indicators. The standardized momentum ratio is the average of the performances from 12 months ago to 1 month ago and 6 months ago to 1 month ago, divided by the beta of the stock over the past 12 months. To calculate the momentum ratio today, we would use the average of the two performance numbers.

For momentum, we found that stock price performance does not have a monotonic correlation with the momentum ratio. The stocks with the highest momentum ratios perform worse than those at about the 70th percentile. Therefore, for the momentum rank, we ranked the stocks at about the 70th percentile of the momentum ratio as the highest at 10.

Please click GF Score to see more details on the GF Score's 5 Key Aspects of Analysis.

Competitive Comparison of Contango Ore's Momentum Rank

For the Gold subindustry, Contango Ore's Momentum Rank, along with its competitors' market caps and Momentum Rank data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Contango Ore's Momentum Rank Distribution in the Metals & Mining Industry

For the Metals & Mining industry and Basic Materials sector, Contango Ore's Momentum Rank distribution charts can be found below:

* The bar in red indicates where Contango Ore's Momentum Rank falls into.


Contango Ore Momentum Rank Related Terms

Thank you for viewing the detailed overview of Contango Ore's Momentum Rank provided by GuruFocus.com. Please click on the following links to see related term pages.

Contango Ore (Contango Ore) Business Description

Industry
GURUFOCUS.COM » STOCK LIST » Basic Materials » Metals & Mining » Contango Ore Inc (AMEX:CTGO) » Definitions » Momentum Rank
Comparable Companies
FTCO GROY VRDR CMCL DC IDR AUGG HYMC NGLD VGZ SHSE:601899 NEM TSX:ABX TSX:FNV TSX:AEM TSX:WPM MIC:PLZL SHSE:600547 ASX:NCM JSE:GFI
Traded in Other Exchanges
F85:Germany
Address
3700 Buffalo Speedway, Suite 925, Houston, TX, USA, 77098
Website
https://www.contangoore.com
Contango Ore Inc operates in the United States. The company is engaged in the exploration of gold, silver, and copper ores in the State of Alaska. The company's primary focus is the exploration of a mineral lease with the Native Village of Tetlin whose governmental entity is the Tetlin Tribal Council for the exploration of minerals near Tok, Alaska. It has formed a joint venture to advance exploration of the Tetlin Property, which is prospective for gold and associated minerals. The Tetlin Property is located in the Tetlin Hills and Mentasta Mountains of eastern interior Alaska.
Executives
Nieuwenhuyse Rick Van director, officer: President and CEO C/O TRILOGY METALS, 1950 - 777 DUNSMUIR STREET, VANCOUVER A1 V7Y 1K4
John B Juneau director, officer: President and CEO 3700 BUFFALO SPEEDWAY, SUITE 960, HOUSTON TX 77098
Joseph S Compofelice director 24 WATERWAY AVENUE, STE 200, THE WOODLANDS TX 77380
Richard Shortz director 3700 BUFFALO SPEEDWAY, SUITE 925, HOUSTON TX 77098
Michael Aaron Clark officer: Executive VP-Finance 6202 OVERSTONE DR, WEST VANCOUVER Z4 V7W1X5
Leah S Gaines officer: Chief Financial Officer 3700 BUFFALO SPEEDWAY, SUITE 1010, HOUSTON TX 77098
Curtis J. Freeman director 3700 BUFFALO SPEEDWAY, STE. 925, HOUSTON TX 77098
Royal Gold Inc 10 percent owner 1144 15TH STREET, SUITE 2500, DENVER CO 80202
Scott J. Reiman 10 percent owner, other: Member of 10% owner group 730 17TH STREET SUITE 800, DENVER CO 80202
Kenneth R. Peak Marital Trust 10 percent owner 2 LONGFELLOW LANE, HOUSTON TX 77005
Estate Of Kenneth R. Peak 10 percent owner C/O CONTANGO OIL & GAS COMPANY, 3700 BUFFALO SPEEDWAY, SUITE 960, HOUSTON TX 77098
Joseph G. Greenberg director 3700 BUFFALO SPEEDWAY, STE 960, HOUSTON TX 77098
Donald Gillen 10 percent owner 21 CAPILANO DRIVE, SASKATOON A9 S7K 4A4
Hexagon, Llc 10 percent owner, other: Member of 10% owner group 730 SEVENTEENTH STREET, SUITE 800, DENVER CO 80202
Sergio Castro officer: Vice President, CFO, Treasurer 2019 MOUNTAIN CREEK, PEARLAND TX 77584