Positioning no disclosures inside 60 days, left as found
Options put/call open interest 31.83, read 2026-11-01
Ethical screen not yet scored
Price13.74 USD
Fair value18.55
Ethical score70.0/100
Our investment reviews on this name
2026-11-01Read Markdown13.74+0.0% to today Distribution gives way to Markdown after a 9% slide in 2 weeks
2026-10-18Read Distribution15.15-9.3% to today ✓Markdown gives way to Distribution after a 20% slide in 7 days
2026-10-11Read Markdown18.91-27.3% to today ✓Distribution gives way to Markdown
2026-10-02Read Distribution18.91-27.3% to today ✓Markup gives way to Distribution after an 18% rise in 5 weeks
Our analytic regime reads on this name, dated and marked against the screened price. Small sample per name, and separate from the daily-framework accuracy on the Track Record page.
Contango Silver & Gold Inc holds its Markdown at $13.74. Consolidating, no directional conviction, held for 75 days.
As held on the ledger · 2026-10-30
Phase
Markdown · caution
Quantitative state
Consolidating, no directional conviction, held for 75 days
Price at the screen
$13.74
Valuation
N/A trailing · 3.68 forward price to earnings
Values screen
Not scored· score 70.0
Beta
-0.02
The Workings
Five Screens, Shown in Full
This security has not been fully scored against the values screen yet.
Test
Figure
Limit
What it means
Status
Business activity
Permissible
Core business clean
Its core business isn't built on prohibited lines: no gambling, alcohol, tobacco, weapons, or interest-based lending.
Pass
Debt load
19.69%
Below 33%
Interest-bearing debt is just 19.7% of its assets, well under the one-third ceiling: it does not run on borrowed money.
Pass
Interest-bearing cash
2.58%
Below 33%
Cash held in interest-bearing accounts and securities is 2.6% of assets, under the one-third limit.
Pass
Receivables
37.77%
Below 49%
Money owed to the company is 37.8% of assets, under the 49% limit.
Pass
Five checks adapted from AAOIFI screening standards: business activity plus four balance-sheet ratios. All five must pass for ethical clearance. Every figure is arithmetic on public accounts, not judgement.
The Ethical Read
The Read, in Plain English
Contango Silver & Gold clears the business-activity screen and the figures we can measure look clean, but its income-purity figure is still pending, so the verdict is not final yet.
Read as at 2026-11-01. It updates when the underlying figures move, and past reads are kept below.
Fair value range in USD, drawn from the 2026-10-30 screen. The gold marker is the market price at the same screen. A 35.0% margin of safety to the base estimate.
Another profit measure, before interest, tax and non-cash costs: EBITDA.
The risks · The things to watch: it's a small-cap, so the share price can swing harder than the market.
Plain-English interpretation of our own screen data. Analysis, not advice.
Where & How to Trade
CTGO trades on NYSE AMERICAN. As a listed security it is accessible through almost any international broker offering its home market. New to this, or investing from abroad? Our guide to accessing global markets covers brokers, currencies and the practical steps.
The Dated Journal · Newest First, Never Edited
Every Entry, As Written
2026-11-01Markdown · changed$13.74-9.3%Entry 10
The framework has shifted from distribution to markdown since the last review. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 9.3% since our last review. Ethical screening: not fully scored yet. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it D. Technically it is sitting below its long-term trend line with momentum reading oversold. Over the past year the shares are down 24%. Our forward projection puts the odds of a 10% gain over the next month near 27%. The street (6 analysts) rates it strong buy, with a mean price target of $38. Insiders have been net buyers over the past quarter.
2026-10-25Distribution$15.15+0.0%Entry 9
The analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it D. Technically it is sitting below its long-term trend line with momentum reading oversold. Over the past year the shares are down 24%. Our forward projection puts the odds of a 10% gain over the next month near 27%. The street (6 analysts) rates it strong buy, with a mean price target of $38. Insiders have been net buyers over the past quarter.
The framework has shifted from markdown to distribution since the last review. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 19.9% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows negative risk-adjusted returns. Our composite framework grades it C. Technically it is sitting below its long-term trend line with momentum reading oversold. Over the past year the shares are down 24%. Our forward projection puts the odds of a 10% gain over the next month near 27%. The street (6 analysts) rates it strong buy, with a mean price target of $38. Insiders have been net buyers over the past quarter.
2026-10-11Markdown · changed$18.91+0.0%Entry 7
The framework has shifted from distribution to markdown since the last review. Price is trending lower. Sellers are in control and the prior trend has reversed. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C. Technically it is sitting below its long-term trend line with momentum reading oversold. Over the past year the shares are down 24%. Our forward projection puts the odds of a 10% gain over the next month near 27%. The street (6 analysts) rates it strong buy, with a mean price target of $38. Insiders have been net buyers over the past quarter.
The framework has shifted from markup to distribution since the last review. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved up 18.2% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C. Technically it is sitting below its long-term trend line with momentum reading oversold. Over the past year the shares are down 24%. Our forward projection puts the odds of a 10% gain over the next month near 27%. The street (6 analysts) rates it strong buy, with a mean price target of $38. Insiders have been net buyers over the past quarter.
2026-08-26Markup · changed$16.00+0.0%Entry 5
The framework has shifted from distribution to markup since the last review. Price is trending higher with momentum. The crowd has caught on and buyers are in control. Price has moved down 0.0% since our last review. Ethical screening: FAIL. This security does not pass our values-based screening criteria. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C. Technically it is sitting below its long-term trend line with momentum reading oversold. Over the past year the shares are down 24%. Our forward projection puts the odds of a 10% gain over the next month near 27%. The street (6 analysts) rates it strong buy, with a mean price target of $38. Insiders have been net buyers over the past quarter.
2026-07-25Distribution$16.00-3.1%Entry 4
Our analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 3.1% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C. Technically it is sitting below its long-term trend line with momentum reading oversold. Over the past year the shares are down 24%. Our forward projection puts the odds of a 10% gain over the next month near 27%. The street (6 analysts) rates it strong buy, with a mean price target of $38. Insiders have been net buyers over the past quarter.
2026-07-18Distribution$16.51+0.0%Entry 3
Our analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen. The risk-adjusted return profile shows modest positive risk-adjusted returns. Our composite framework grades it C. Technically it is sitting below its long-term trend line with momentum reading oversold. Over the past year the shares are down 24%. Our forward projection puts the odds of a 10% gain over the next month near 27%. The street (6 analysts) rates it strong buy, with a mean price target of $38.
2026-07-03Distribution$16.51+0.0%Entry 2
Our analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Price has moved down 0.0% since our last review. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows modest positive risk-adjusted returns.
2026-07-02Distribution$16.51Entry 1
Our analysis reads distribution. Smart money appears to be selling into strength. Institutional holders may be rotating out. Ethical screening: PASS with passing ethical screen (70). The risk-adjusted return profile shows modest positive risk-adjusted returns.
Each entry above was written on its date, before the outcome. A journal you can prune is not a journal.