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Contango Oil & Gas Company (MCF) had a rough trading day for Thursday August 09 as shares tumbled 5.71%, or a loss of $-0.29 per share, to close at $4.79. After opening the day at $4.95, shares of Contango Oil & Gas Company traded as high as $5.23 and as low as $4.51. Volume was 386,746 shares over 2,117 trades, against an average daily volume of 357,233 shares and a total float of 25.66 million.
As a result of the decline, Contango Oil & Gas Company now has a market cap of $122.92 million. In the last year, shares of Contango Oil & Gas Company have traded between a range of $6.92 and $2.22, and its 50-day SMA is currently $5.42 and 200-day SMA is $4.23.
For a complete fundamental analysis of Contango Oil & Gas Company, check out Equities.com’s Stock Valuation Analysis report for MCF.
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Contango Oil & Gas Company is an independent energy company. It is engaged in the exploration, development, production and acquisition of crude oil, natural gas and natural gas liquids reserves in the Gulf of Mexico.
Contango Oil & Gas Company is based out of Houston, TX and has some 63 employees. Its CEO is Allan D. Keel.
Contango Oil & Gas Company is a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It’s maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.
Russell’s indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It’s a simple approach that gives a broad, unbiased look at the small-cap market as a whole.
To get more information on Contango Oil & Gas Company and to follow the company’s latest updates, you can visit the company’s profile page here: MCF’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.
All data provided by QuoteMedia and was accurate as of 4:30PM ET.
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