Condor Energies (TSE:CDR) Hits New 52-Week High – Here’s What Happened

Condor Energies Inc. (TSE:CDR) hit a new 52-week high during mid-day trading on Monday . The company traded as high as C$4.19 and last traded at C$4.16, with a volume of 77476 shares traded. The stock had previously closed at C$3.96.

Condor Energies Stock Up 5.1%

The firm has a market cap of C$333.57 million, a price-to-earnings ratio of -37.82 and a beta of 0.53. The company has a 50 day moving average of C$3.30 and a 200 day moving average of C$2.75.

Condor Energies (TSE:CDR) last issued its quarterly earnings data on Friday, August 14th. The company reported C($0.01) earnings per share for the quarter. The business had revenue of C$23.38 million during the quarter.

Insider Activity at Condor Energies

In related news, Director Donald James Streu purchased 10,000 shares of the firm’s stock in a transaction dated Thursday, July 2nd. The stock was acquired at an average price of C$2.70 per share, with a total value of C$27,000.00. Following the completion of the transaction, the director owned 849,789 shares of the company’s stock, valued at C$2,294,430.30. This represents a 1.19% increase in their ownership of the stock. In the last three months, insiders purchased 25,000 shares of company stock worth $67,150.

Condor Energies Company Profile

Condor Energies Inc is a TSX-listed energy transition company that is uniquely positioned on the doorstep of European and Asian markets with three distinct first-mover energy security initiatives: increasing natural gas and condensate production from its existing fields in Uzbekistan; an ongoing project to construct and operate Central Asia’s first LNG ‘lower carbon fuel’ diesel substitution facility in Kazakhstan; and a separate initiative to develop and produce critical minerals from brines in Kazakhstan.