🔴 Contango ORE is trading 5.2% down today amid Fed rate hike and elevated Treasury yields

Contango ORE is trading 5.15% down now at $18.05, pressured by the Federal Reserve’s 25-basis-point rate hike to 3.75%-4.00%, elevated Treasury yields, and weaker market sentiment.

• Bitcoin and Ethereum are each down 0.19% since the previous close, making Contango ORE’s decline comparatively larger.
• The September 15 high-grade drilling announcement was positive, but it does not clearly explain the September 16 decline.