Condor Energies (TSE:CDR) Reaches New 52-Week High – Still a Buy?

Condor Energies Inc. (TSE:CDR) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as C$4.15 and last traded at C$4.09, with a volume of 83521 shares trading hands. The stock had previously closed at C$3.99.

Condor Energies Stock Up 2.8%

The stock has a market cap of C$328.75 million, a PE ratio of -37.27 and a beta of 0.53. The company has a fifty day moving average price of C$3.19 and a 200 day moving average price of C$2.68.

Condor Energies (TSE:CDR) last announced its quarterly earnings results on Wednesday, May 13th. The company reported C($0.05) earnings per share (EPS) for the quarter. The business had revenue of C$19.46 million for the quarter.

Insider Buying and Selling at Condor Energies

In other Condor Energies news, Director Donald James Streu bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, July 2nd. The shares were bought at an average cost of C$2.70 per share, with a total value of C$27,000.00. Following the completion of the purchase, the director directly owned 849,789 shares of the company’s stock, valued at C$2,294,430.30. This trade represents a 1.19% increase in their ownership of the stock. Insiders have bought 25,000 shares of company stock worth $67,150 in the last ninety days.

Condor Energies Company Profile

Condor Energies is an internationally focused, publicly traded energy transition company that is uniquely positioned on the doorstep of European and Asian markets. With producing natural gas and condensate assets in Uzbekistan, an ongoing initiative to construct and operate Central Asia’s first LNG facility in Kazakhstan, and a separate initiative to develop and produce lithium brine in Kazakhstan, we’ve built a strong foundation for reserves, production and cashflow growth while also striving to minimize our environmental footprint.